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Chico's profit beats consensus by 17.5% in fiscal Q2

Chico's FAS Inc. said its normalized net income for the fiscal second quarter ended Aug. 1 came to 26 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS rose 31.1% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $35.6 million, an increase of 22.0% from $29.2 million in the prior-year period.

The normalized profit margin climbed to 5.2% from 4.4% in the year-earlier period.

Total revenue grew year over year to $680.4 million from $671.1 million, and total operating expenses totaled $622.8 million, compared with $624.4 million in the prior-year period.

Reported net income fell 90.7% from the prior-year period to $2.8 million, or 2 cents per share, from $29.8 million, or 20 cents per share.