Chico's FAS Jumps 7.8% on Sales - TheStreet

Chico's FAS Jumps 7.8% on Sales

The company reports strong sales for June.
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Shares of

Chico's FAS

(CHS) - Get Report

jumped 7.8% Tuesday morning after the company reported strong sales in June.

Sales for the five weeks ended July 5 increased 41.7% over the same period last year, to $65.9 million. Comparable-store sales rose 16.5%, while analysts were predicting an 8% gain, according to Briefing.com.

Total sales for the last six months jumped 33.4% to $294.7 million compared with last year's $221 million. Comparable-store sales increased 10.4%.

Chico's shares were recently up $1.73 at $23.83.