Another good year for
will get better Friday after the company delivered strong earnings and guidance after the bell.
The women's clothes retailer earned $47.2 million, or 26 cents a share, in the first quarter ended April 30, up from $35.7 million, or 20 cents a share, last year.
Sales rose 27.4% from a year ago to $327 million. Analysts had been forecasting earnings of 25 cents a share on sales of $328 million.
Same-store sales rose 10.8% in the quarter from a year ago.
Chico's shares gained $1.75, or 6.5%, to $32.97 in premarket trading. The stock is up 45% this year after doubling between 2002 and 2004.
The company said overall same-store sales growth in the second quarter is currently running at a double-digit percentage. Same-store sales at its flagship Chico's line are rising in the low double digits while same-store sales at its White House/Black House unit are exceeding 30%.