CHS - Chico's FAS Non-GAAP EPS of $0.28 beats by $0.01 revenue of $545.13M misses by $9.77M

2023-08-29 07:00:27 ET

• Chico's FAS press release ( NYSE: CHS ): Q2 Non-GAAP EPS of $0.28 beats by $0.01 .
• Revenue of $545.13M (-2.4% Y/Y) misses by $9.77M .

• For fiscal 2023 third quarter, the Company currently expects:

  • Consolidated net sales of $505 million to $525 million;
  • Gross margin rate as a percent of net sales of 38.5% to 39.0%;
  • SG&A as a percent of net sales of 35.1% to 35.6%;
  • Effective income tax rate of 29.0%; and
  • Earnings per diluted share of $0.08 to $0.12.

• For fiscal 2023, a 53-week year, the Company currently expects:

  • Consolidated net sales of $2,145 million to $2,175 million;
  • Gross margin rate as a percent of net sales of 38.5% to 38.8%;
  • SG&A as a percent of net sales of 33.0% to 33.3%;
  • Effective income tax rate of 26.0%;
  • Earnings per diluted share of $0.87 to $0.95 ⁽¹⁾ ; and
  • Capital and cloud-based expenditures of $75 million to $85 million.

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