Chico's fas inc reports q2 loss per share $0.40

Chico's fas, inc. reports second quarter results.q2 loss per share $0.40.q2 sales $306.2 million versus refinitiv ibes estimate of $346.2 million.q2 earnings per share estimate $-0.26 -- refinitiv ibes data.$124.5 million in cash and cash equivalents at quarter end.not providing comparable sales figures for thirteen and twenty-six weeks ended august 1, 2020.recognized significant inventory write-offs and impairment charges in quarter due to, however, impact was partially mitigated.not providing fiscal 2020 third-quarter or full-year guidance at this time.qtrly net sales reflect benefit of strong digital sales and store reopenings.compared to q1, our q2 digital and store sales trends improved 9.2%.q2 net loss includes after-tax impact of inventory write-offs of $8.0 million, or $0.07 per share.chico's fas - confident that co currently has sufficient liquidity to repay its obligations as they become due for foreseeable future.
CHS Ratings Summary
CHS Quant Ranking