Chico's FAS Q3 Adj EPS $0.11, Sales $505.13M Down From $518.33M YoY
Portfolio Pulse from Benzinga Newsdesk
Chico's FAS reported a decrease in sales to $505.13M in Q3, down from $518.33M in the same period last year, with adjusted earnings of $0.11 per share.
November 30, 2023 | 12:03 pm
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Chico's FAS reported a 2.55% decrease in Q3 sales year-over-year, with adjusted earnings of $0.11 per share.
The reported decrease in sales indicates a potential negative impact on investor sentiment and the stock price of Chico's FAS in the short term. Although the company maintained its earnings per share, the decline in revenue is typically viewed unfavorably by the market, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100