CHS - Chico's FAS tops Q2 consensus raises FY2022 outlook

• Chico's FAS press release ( NYSE: CHS ): Q2 GAAP EPS of $0.34 beats by $0.09 .
• Revenue of $558.72M (+18.4% Y/Y) beats by $14.82M .
• Q3 Outlook: Consolidated net sales of $495M to $510M vs. consensus of $508.3M; Gross margin rate as a percent of net sales of 38.9% to 39.4%; SG&A expenses as a percent of net sales of 34.4% to 34.8%; Effective income tax rate of 25%; Earnings per diluted share of $0.11 to $0.14 vs. consensus of $0.11.
• FY2022 Outlook: Consolidated net sales of $2.14B to $2.17B vs. prior outlook of $2.13B to $2.16B and consensus of $2.15B ; Gross margin rate as a percent of net sales of 38.8% to 39.1% vs. prior view of 38.3% to 38.6%; SG&A expenses as a percent of net sales of 32.2% to 32.5% vs. previous view of 32.6% to 32.9%; Effective income tax rate of 25%; Earnings per diluted share of $0.79 to $0.87 vs. prior guidance of $0.64 to $0.74 and consensus of $0.72; Capital and cloud-based expenditures of approximately $65M to $70M.

For further details see: