Chico's FAS Inc. (CHS) released its first quarter results on Wednesday, June 9, 2021. The company reported net earnings of $-0.08 per share for the first quarter ending April 30, 2021. Earnings for this past quarter were up 95 percent compared to the same period a year ago.
Chico's FAS, Inc. was founded in 1983 and is headquartered in Fort Myers, Florida. Chico's FAS, Inc. operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), Soma, and TellTale brand names.
Chico's FAS's revenue decreased 20 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 48.45% for the first quarter compared to the same period in the previous year, and operating margins increased to 1.94% over the same period. Net earnings for past trailing twelve months were $-190.78 million, up 1% from the prior year.
Moving on to the balance sheet, Chico's FAS's cash levels dropped 7% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 15.0% this past year. The current ratio for Chico's FAS now stands at 0.95. The company increased shares outstanding by 1.11%.
Shares of CHS are currently trading around $5.61. In terms of valuation, the stock is trading at a price to book ratio of 4.14.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, June 10, 2021.