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Chico's Soars on First-Quarter Earnings Win

Rob Lenihan

bounced back from a premarket fall Tuesday, after the women's apparel retailer beat Wall Street's first-quarter earnings and revenue expectations. Sales fell 7.8% to $517.7 million but were ahead of Wall Street's call for $517.6 million. For the second quarter, Chico's said it expects a mid-single digit decline in total net sales and consolidated comparable sales due to expected softer sales in its White House Black Market brand.