Chico's FAS Sees Earnings, Sales Rise
The company also says first-quarter same-store sales rose 7.8%.
Chico's FAS
(CHS) - Get Report
, a retailer of women's clothing and accessories, reported double-digit year-over-year earnings and revenue growth in the first fiscal quarter.
The company said total sales for the first quarter rose 29.5% to $169 million from $130.5 million for the same period a year ago. Net income climbed to $23.4 million, or 27 cents a share, from $19.8 million, or 23 cents a share, last year. Analysts polled by Thomson First Call were expecting earnings of 28 cents a share and a top line of $167.7 million.
Same-store sales for company-owned stores increased 7.8% in the first quarter.
Shares of Chico's ended
New York Stock Exchange
trading Wednesday at $21.60.
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