Telsey Advisory Group: Analyst Expresses Disappointment In Chico's FAS Inc's Moderated Annual Outlook

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Chico's FAS Inc (NYSE: CHS) with a price target of $6. CHS reported 1Q23 EPS of $0.32 versus $0.28 last year, coming in ahead of both the consensus of $0.28 and guidance for EPS in the range of $0.26-$0.30. The analyst said the earnings beat came from stronger gross margin expansion and operating deleverage. The analyst noted sales came in slightly below the low-end ...Full story available on Benzinga.com