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Good News: Chico's Pops on Turnaround
It seems analysts, go figure, were actually right -- Chico's FAS(CHS Quote) is starting to benefit from its turnaround efforts.
The women's apparel retailer posted a 14% jump in its first-quarter earnings to reach $14.5 million, or 8 cents per share, compared with $12.7 million, or 7 cents, a year earlier.
Excluding 3 cents per share for a write-off of software application development costs, the company's profit was 11 cents per share. Analysts expected earnings of 8 cents. ...
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