Chico's FAS Sees Earnings, Sales Rise

Chico's FAS ( CHS), 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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