CHS - Why Chico's FAS Stock Was Climbing This Week
2023-06-09 13:06:35 ET
Shares of Chico's FAS (NYSE: CHS) were rallying this week after the women's apparel retailer posted first-quarter earnings results, beating estimates on the bottom line.
Chico's delivered improving profitability and solid growth at its namesake brand, which was enough to please the market in a difficult macroeconomic environment. The stock also seemed to benefit from its low valuation, as investor expectations were modest coming into the report.
According to data from S&P Global Market Intelligence , the stock was up 13.1% for the week as of Friday at 12:20 p.m. ET.
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Why Chico's FAS Stock Was Climbing This Week