2.5600 0.00 (0.00%)
Pre-Market: 4:19AM EST
Previous Close | 2.6500 |
Open | 2.6500 |
Bid | 0.0000 x 2200 |
Ask | 2.6200 x 1200 |
Day's Range | 2.3773 - 2.6500 |
52 Week Range | 0.9100 - 3.5900 |
Volume | 2,194,697 |
Avg. Volume | 2,827,313 |
Market Cap | 306.988M |
Beta (5Y Monthly) | 1.57 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -3.1100 |
Earnings Date | Mar 02, 2021 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Mar 13, 2020 |
1y Target Est | 2.25 |
Image source: The Motley Fool. Chico's FASÂ (NYSE: CHS)Q4Â 2020 Earnings CallMar 02, 2021, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to Chico's FAS fourth quarter and fiscal year-end 2020 conference call and webcast.
Chico's FAS Inc. stock sank 6.5% in early Tuesday trading after the women's clothing and accessories retailer reported deeper-than-expected quarterly losses and a sales miss. Net losses totaled $79.1 million, or 68 cents per share, after a loss of $4.3 million, or 4 cents per share, last year. Sales totaled $386.2 million, down from $527.1 million. The FactSet consensus was for a loss of 32 cents and sales of $448.0 million. Same-store sales sank 24.9%, with the namesake brand down 34.4%, White House Black Market down 36% and the Soma underwear, loungewear and swim brand up 15.2%. Total digital sales for the quarter were up nearly 20%, with Soma digital sales up 68%. Chico's expects to add Soma shops in 50 Chico's boutiques in 2021, and plans to close 13% to 16% of the company's remaining stores over the next three fiscal years with 40 to 45 closures in 2021. Most are expected to be mall-based Chico's and White House Black Market locations. As of January 30, Chico's had 1,302 stores in the U.S. Chico's stock has rallied 40.3% over the last three months, but is down 37.2% over the past year. The S&P 500 index is up 26.2% for the last 12 months.
Chico's (CHS) delivered earnings and revenue surprises of -12.50% and -13.72%, respectively, for the quarter ended January 2021. Do the numbers hold clues to what lies ahead for the stock?