The 10-second takeaway
For the quarter ended May 4 (Q1), Chico's FAS missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share shrank. GAAP earnings per share dropped.
Margins dropped across the board.
Chico's FAS booked revenue of $670.7 million. The 16 analysts polled by S&P Capital IQ foresaw net sales of $707.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.32. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. Non-GAAP EPS of $0.32 for Q1 were 3.0% lower than the prior-year quarter's $0.33 per share. GAAP EPS of $0.31 for Q1 were 3.1% lower than the prior-year quarter's $0.32 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 57.7%, 50 basis points worse than the prior-year quarter. Operating margin was 12.2%, 120 basis points worse than the prior-year quarter. Net margin was 7.6%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $702.9 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $2.81 billion. The average EPS estimate is $1.23.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chico's FAS is outperform, with an average price target of $20.54.
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.