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Chico's Profit Slides

Stock quotes in this article: CHS  

Chico's(CHS Quote) reported a 10% drop in first-quarter profits amid weak same-store sales, but the earnings managed to top Wall Street's expectations.

Shares of the women's apparel retailer were climbing 98 cents, or 3.8%, to $26.60 in after-hours trading Wednesday.

Chico's first-quarter profit fell to $47.2 million, or 27 cents a share, from $52.5 million, or 29 cents a share, a year earlier. Sales increased 16% to $453.1 million. ...

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