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Why Chico's FAS Stock Jumped Wednesday

TheMotleyFool

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Why Chico's FAS Stock Jumped WednesdayPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of Chico's FAS (NYSE: CHS) jumped on Wednesday, rising 20% as of 2:34 p.m. EDT. The stock's gain follows the women's apparel retailer's second-quarter results.

The reason for investor optimism on Wednesday likely has to do with impressive comparable-sales growth for the company's Soma brand and commentary from management on improvements at White House Black Market after the quarter ended.

Image source: Getty Images.

Source Fool.com

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