Chico's beats on fall fashions

Investor's Business Daily

The operator of Chico's, White House Black Market, and Soma Intimates stores said Q3 EPS jumped 39% to 25 cents, beating estimates by 3 cents. Sales climbed 18% to $636.67 mil, above views of $632.39 mil. Same-store sales rose 9.9% across the company on fashionable fall offerings. Gross margin widened 120 basis points to 57.2% from Q3 '11 on less discounting and more effective promotions. Chico's (CHS) shares fell 0.8% to 18.02.

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