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Nov. 30, 2021, 7:34 a.m. EST

Chico's stock rises after surprise profit

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By Tonya Garcia

Chico's FAS Inc. /zigman2/quotes/203348060/composite CHS -1.03% shares jumped 2.3% in Tuesday premarket trading after the women's fashion company reported a surprise third-quarter profit. Net income totaled $18.2 million, or 15 cents per share, after a loss of $55.9 million, or 48 cents per share, last year. Sales totaled $453.6 million, up from $351.4 million last year. The FactSet consensus was for a loss of 3 cents per share and sales of $428.0 million. Comparable sales rose 27.9%, ahead of the FactSet consensus for a 23.6%. Comparable sales growth was 23.3% at the Chico's brand, White House Black Market was up 33.4% and Soma was up 30.2%. "The third quarter represents our best third quarter earnings performance since 2016," said Molly Langenstein, Chico's chief executive, in a statement. For the fourth quarter, Chico's expects sales of $495 million to $510 million and EPS of $0.00 to 5 cents per share. The FactSet consensus is for sales of $481.8 million and EPS of 7 cents per share. Chico's stock has skyrocketed 249% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.08% has gained 24% for the period.

/zigman2/quotes/203348060/composite
US : U.S.: NYSE
$ 4.79
-0.05 -1.03%
Volume: 0.00
Jan. 14, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$586.98 million
Rev. per Employee
$135,989
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/zigman2/quotes/210599714/realtime
US : S&P US
4,662.85
+3.82 +0.08%
Volume: 0.00
Jan. 14, 2022 5:16p
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