Chico's FAS has been gaining from steady progress in its turnaround strategy. CHS has also been focusing on continued expense management, which is expected to have boosted its margins in the fiscal fourth quarter. The company has been witnessing strength in both online and stores across all three brands. It remains on track with store rationalization and optimization of its real estate portfolio in a bid to improve overall store profitability. Enhanced digital business driven by the Buy Online Pick Up in the store service and strong social media customer engagement remains upsides.