Chico's profits rise


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  • | 3:42 p.m. August 22, 2012
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  • Charlotte–Lee–Collier
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FORT MYERS — Women's retailer Chico's FAS reported net income rose 23% to $53.4 million on net sales of nearly $641.7 million in the quarter ending July 28 compared with the same quarter one year ago.

The results boosted Chico's shares up nearly 8% at mid-morning to more than $18.40 a share (stock symbol: CHS).

Sales at stores open longer than a year rose 5.6% in the second quarter, reflecting increases in transactions and average sales.

 

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