CHS - Chico's FAS: Building Greater Investor Confidence
- Chico's FAS reported solid 3Q:F2021 results, providing further evidence that its turnaround is gaining traction.
- All three brands achieved double-digit same-store sales increases, and gross margin and EPS were the highest for a third quarter since fiscal years 2014 and 2016, respectively.
- $50 million in free cash flow was utilized to pay down one-third of debt, and the balance sheet is now in a net cash position.
- Digital sales increased 13% year over year and 32% compared to fiscal 2019.
- Our $15 price target over the next 12 to 15 months implies 250% upside.
For further details see:
Chico's FAS: Building Greater Investor Confidence