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tdp2664 Epic Stock Picks Chico’s FAS, Inc. (NYSE:CHS) opens at $14.50 and traded during the within the range of $13.76 to $14.65.It closed at $14.43 that is at a fall of 5.13 percent. Its fiscal first-quarter earnings rose 30%, beating analysts’ estimates, on improved margins and same-store sales growth in all brands. After the company revealed weaker than its expected first-quarter sales ,shares of Chico's (CHS) tumbled down on Wednesday , though its profit happened to tick higher on improved margins. Its revenue for the three months ended April 30 was $537.2 millions, compared to $481.6 millions a year ago, that is it rose 11.5 percent. Chico's repurchased 2.6 million of its shares of $36.3 million during the quarter. It has still $145.4 million remaining under the original $200 million authorization approved in August 2010. The Chico's and Soma Intimates brands' comparable sales were known to be up by 7.8% and 16.1%, respectively, furthermore its White House and Black Market segments climbed 7.4% and 15.7%, respectively. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House |Black Market (WH|BM) and Soma Intimates (Soma) brand names. As of January 30, 2010, the Company operated 1,080 stores across 48 states, the District of Columbia, Puerto Rico and the Virgin Islands and e-commerce Websites for each of its brands. The Chico's brand sells designed, private branded clothing focusing on women 35 and over with a moderate to high income level.
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