The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Chico's FAS missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Chico's FAS tallied revenue of $651.9 million. The 14 analysts polled by S&P Capital IQ predicted a top line of $666.0 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $569.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The 18 earnings estimates compiled by S&P Capital IQ anticipated $0.20 per share. Non-GAAP EPS of $0.20 for Q4 were 33% higher than the prior-year quarter's $0.15 per share. GAAP EPS of $0.19 for Q4 were 27% higher than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.2%, 90 basis points better than the prior-year quarter. Operating margin was 7.8%, 60 basis points better than the prior-year quarter. Net margin was 4.8%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $711.3 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $2.86 billion. The average EPS estimate is $1.30.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chico's FAS is hold, with an average price target of $20.08.
Is Chico's FAS the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Chico's FAS to My Watchlist.