Chicos FAS, Inc.

CHS

Market cap $937M

NEW YORK , Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions.

Chico's FAS (CHS) reports third-quarter fiscal 2023 results, with revenues declining 2.5% year over year due to a 2.7% fall in comparable sales.

While the top- and bottom-line numbers for Chico's (CHS) give a sense of how the business performed in the quarter ended October 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

FORT MYERS, Fla. , Nov. 30, 2023 Reported third quarter diluted EPS of $0.04; adjusted diluted EPS of $0.11  Delivered total Company net sales of $505 million Achieved gross margin of 38.9%, at high end of outlook  Ended the quarter with $127 million in cash and marketable securities /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) ("Company" or "Chico's FAS") today announced its financial results for the thirteen weeks ended October 28, 2023 ("third quarter").

Chico's FAS (CHS) third-quarter fiscal 2023 performance is likely to be hurt by a tough operating landscape.