Chico's FAS, Inc. (NYSE:CHS) Q3 2022 Earnings Conference Call November 22, 2022 8:00 AM ET

Company Participants

David Oliver - Senior Vice President, Finance, Controller & Chief Accounting Officer

Molly Langenstein - Chief Executive Officer & President

PJ Guido - Chief Financial Officer

Conference Call Participants

Dana Telsey - Telsey Group

Marni Shapiro - Retail Tracker

Operator

Good day and welcome to the Chico's FAS Third Quarter 2022 Conference Call and Webcast. All participants will be in a listen-only mode. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the call over to Corporate Controller, David Oliver. Mr. Oliver, please go ahead.

David Oliver

Good morning, and welcome to the Chico's FAS third quarter ‘22 conference call and webcast. For reference, our earnings release can be found on our website at www.chicosfas.com under Press Releases on the Investor Relations page.

Today's comments will include forward-looking statements regarding our current expectations, assumptions, plans, estimates, judgments and projections about our business and our industry, which speak only as of today's date. You should not unduly rely on these statements. Important factors that could cause actual results or events to differ materially from those projected or implied by our forward-looking statements are included in today's earnings release, our SEC filings and the comments made on this call. We disclaim any obligation to update or revise any information discussed on this call, except as may be otherwise required by law.

Certain non-GAAP measures may be referenced in today's call. A GAAP to non-GAAP reconciliation schedule is included in our earnings release, presentation posted this morning on the Chico's FAS Investor Relations page.

Now, I'll turn the call over to our CEO and President, Molly Langenstein.

Molly Langenstein

Thank you, David, and good morning, everyone. Our robust momentum continued. We posted another quarter of outstanding sales growth and operating income and our seventh consecutive quarter of year-over-year double digit EPS growth, resulting from continued strong store and digital sales and solid expense leverage. Our strong performance and quarter after quarter momentum demonstrates that our strategy is working and we are very pleased with the substantial progress toward our three-year plan. The power of our portfolio, three unique brands and execution of our strategic pillars are driving our continued strong performance and we remain confident in delivering over $2.5 billion in sales by 2024.