|Published:||Aug 18, 2010 5:01 PM EDT|
|Updated:||Aug 18, 2010 2:01 PM EDT|
FORT MYERS, Fla. (AP) - Chico's FAS Inc., the retailer that owns Chico's and White House Black Market, said Wednesday that its second-quarter net income more than doubled as sales rose and more customers bought items from its stores.
For the three-months that ended in late July, the clothing maker earned $30.5 million, or 17 cents per share. That's up from last year's net income of $14.9 million, or 8 cents per share.
Revenue rose 11 percent to $465.4 million, up from $419.9 million last year.
Analysts surveyed by Thomson Reuters expected Chico's to earn 16 cents per share on revenue of $468.1 million.
Chico's executives said an important retail measure that tracks sales from stores open at least a year, rose 6.4 percent. And direct-to-consumer sales rose 36 percent to $27.6 million.
Chico's is based in Fort Myers, Fla. The company has about 1,100 retail and outlet stores around the country.
Its shares rose 69 cents, or 8 percent, to $9.10 in premarket trading Wednesday. Shares closed Tuesday at $8.41.
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