Chico’s Q2 beats expectations

Fort Meyers, Fla. -- Chico's FAS Inc.'s second-quarter net income surged a better-than-expected 22% amid increased sales across its brands. The retailer, which has now topped analyst estimates for the last three quarters, raised the low-end of its 2012 revenue outlook, citing its performance for the first half of the year. 

Chico's earned $52.4 million for the period ended July 28, compared with $42.8 million in the same  period last year.

Revenue rose 16% to $641.7 million, from $551.4 million. Boston Proper, a direct-to-consumer company that Chico’s acquired in September, contributed $32.6 million in sales.

Same-store sales increased  5.6%, with Chico's/Soma Intimates brands up 7.2% and White House | Black Market sales were up 2.3%.

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