Chico's FAS (NYSE: CHS) reported earnings on May 29. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.)

Looking ahead
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.

Investor sentiment

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.

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