Chico's FAS Q1: EPS Beat, Topline Miss, Normalized Supply Chain Conditions & More
Portfolio Pulse from Nabaparna Bhattacharya
Chico's FAS reported Q1 revenue of $534.74 million, down 1.1% YoY, missing the Street view of $541.95 million. EPS of $0.32 increased 14.3% YoY, beating the estimate of $0.27. The company lowered its FY23 outlook and expects sales of $2.175 billion-$2.205 billion and EPS of $0.70-$0.82.
June 06, 2023 | 2:24 pm
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Chico's FAS Q1 revenue missed estimates, but EPS beat expectations. The company lowered its FY23 outlook, expecting lower sales and EPS.
Chico's FAS reported mixed Q1 results with a revenue miss and an EPS beat. The company lowered its FY23 outlook, which may cause uncertainty among investors. However, the stock is trading higher, indicating a neutral short-term impact.
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