By  on August 26, 2009

Shares of Chico’s FAS Inc. surged 7.6 percent Tuesday after it said second-quarter profits more than doubled on gains in both net sales and same-store sales, and projected more top-line growth ahead.

The Fort Myers, Fla.-based misses’ specialty retailer recorded net income of $14.9 million, or 8 cents a diluted share, in the three months ended Aug. 1. A year ago, the firm’s quarterly profits totaled $6.7 million, or 4 cents a share. Excluding impairment charges, its earnings per share equaled 10 cents, on par with the average estimate of analysts polled by Yahoo Finance.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus