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 .
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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.
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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.
For further details see:
Chico's FAS Non-GAAP EPS of $0.28 beats by $0.01, revenue of $545.13M misses by $9.77M