On August 29, 2023, CHICO’S FAS ($NYSE:CHS) reported its earnings results for the second quarter of FY2024, with total revenue of USD 545.1 million, representing a 2.4% decrease from the same period in the previous year. Net income, however, increased by 41.4%, amounting to USD 59.3 million.
GoodWhale has evaluated CHICO’S FAS‘s fundamentals and has given it a low risk rating. This indicates that the company’s financial and business aspects are stable. Investors who are interested in investing in CHICO’S FAS can register with us to check out potential risks associated with the business and financial aspects of the company. We are confident that our evaluation will provide valuable insight into the company’s financial and business standing and help investors make an informed decision. More…
Risk Rating Analysis
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About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Chico’s Fas. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chico’s Fas. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chico’s Fas. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Chico’s Fas are shown below. More…
Income Statement Ratios
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The company’s stores are located in 47 states, the District of Columbia, and Puerto Rico. Chico’s FAS Inc. also operates two brands under license – White House | Black Market and Soma Intimates. Chico’s FAS Inc’s main competitors are Tilly’s Inc, C’sMEN Co Ltd, and Cache Inc.
With a market cap of $280.33 million as of 2022, Tilly’s Inc has a return on equity of 19.35%. Tilly’s Inc is a specialty retailer of casual apparel, footwear and accessories for young adults and kids. The company operates over 200 stores across the United States.
As of 2022, C’sMEN Co Ltd has a market cap of 1.44B and a Return on Equity of -12.39%. The company is engaged in the business of manufacturing and selling men’s clothing.
As of 2022, Cache Inc has a market cap of 198.64k. The company has a Return on Equity of -256.38%. The company operates in the retail industry and focuses on selling apparel and accessories.
Investors in CHICO’S FAS may be encouraged by the company’s reported FY2024 Q2 earnings results. Total revenue was down 2.4% compared to the prior year, but net income was up 41.4%. This suggests that Chico’s FAS is continuing to make progress in optimizing profitability, despite difficult market conditions.
The company’s share price has responded positively to the news, indicating initial investor confidence. Moving forward, investors may wish to continue monitoring the company’s financial performance for further indications of progress and potential upside.