CHS - Chico's FAS GAAP EPS of $0.28 beats by $0.18 revenue of $540.92M beats by $50.82M

Chico's FAS press release (NYSE:CHS): Q1 GAAP EPS of $0.28 beats by $0.18. Revenue of $540.92M (+39.4% Y/Y) beats by $50.82M. Comparable sales up 41% Y/Y. Shares up ~4% PM. Q2 Outlook: Consolidated net sales of $535M to $550M vs. consensus of $534M; Gross margin rate as a percent of net sales of 38.7% to 39.4%; SG&A expenses as a percent of net sales of 31.2% to 31.6%; Effective income tax rate of 26.0%; Earnings per diluted share of $0.21 to $0.26 vs. consensus of $0.19. FY2022 Outlook: Consolidated net sales of $2.13B to $2.16B vs. consensus of $2.09B ; Gross margin rate as a percent of net sales of 38.3% to 38.6%; SG&A expenses as a percent of net sales of 32.6% to 32.9%; Effective income tax rate of 26%; Earnings per diluted share of $0.64 to $0.74 vs. consensus of $0.46; Capital and cloud-based expenditures of approximately $65M to $70M.

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Chico's FAS GAAP EPS of $0.28 beats by $0.18, revenue of $540.92M beats by $50.82M