$EXPR (Express Inc.)

$EXPR {{ '2016-08-24T14:33:51+0000' | timeago}} • Webcast

In 2Q16, $EXPR opened 6 new Express Factory outlet locations and converted 3 existing stores into outlets. At 2Q16-end, $EXPR operated a total of 94 outlet stores. In 3Q16, $EXPR will open 5 outlets. $EXPR expects to end 2016 with 104 Express Factory outlet locations and is on track to reach its target of 140-150 stores within the next few years.

$EXPR {{ '2017-11-30T12:41:08+0000' | timeago}} • Announcement

$EXPR expects to end FY17 registering GAAP earnings in the range of $22MM to $25MM or $0.28-$0.32 per share. Non-GAAP earnings per share are forecasted to be between $0.43 and $0.47.  For the fourth quarter, the company is looking for GAAP earnings of $32-$35MM or $0.40-$0.44 per share. Comparable store sales are seen growing in low single digits.

$EXPR {{ '2017-11-30T12:25:37+0000' | timeago}} • Announcement

Specialty apparel retailer $EXPR reported lower sales and earnings in 3Q17, partially due to the impact of hurricane. Earnings per share plunged to $0.08 from $0.15 in 3Q16, when the bottom-line was positively influenced by an income tax benefit. Sales dropped modestly to $499MM, and comparable sales declined 1%. E-commerce sales were up 23%.

$EXPR {{ '2017-08-23T11:43:36+0000' | timeago}} • Announcement

$EXPR reaffirmed its FY17 comparable store sales outlook at negative low single digits. Express continues to expect full year GAAP EPS and non-GAAP EPS to be in the range of $0.26 to $0.33 and $0.41 to $0.48, respectively. The company expects to record GAAP net income between $20MM and $26MM, and non-GAAP profit between $32MM and $38MM in 2017.

$EXPR {{ '2017-08-23T11:34:27+0000' | timeago}} • Announcement

$EXPR said it expects 3Q17 comparable store sales to be in the negative low single digits. The company is looking for net income in the range of $5MM to $8MM in the quarter. On a per share basis, third quarter earnings are forecast between $0.06 and $0.10.

$EXPR {{ '2017-08-23T11:20:50+0000' | timeago}} • Announcement

Specialty apparel retailer $EXPR slipped to a net loss of $0.15 per share in 2Q17, manly owing to costs related to discontinuation of its Canadian operations. Adding to the slump in bottom line, sales decreased 5% annually to $479MM. On a non-GAAP basis, Express posted earnings of $0.01 per share. Comparable sales were lower by 4% compared to 2Q16.

$EXPR {{ '2017-06-01T11:09:48+0000' | timeago}} • Announcement

$EXPR now expects 2017 EPS of $0.21-0.28 and adjusted EPS of $0.41-0.48. The company sees net income of $16-22MM and adjusted net income of $32-38MM. This forecast assumes weighted average diluted shares outstanding of 79.1MM. $EXPR sees comparable sales of negative low single digits and capital expenditures of $62-67MM.

$EXPR {{ '2017-06-01T11:09:37+0000' | timeago}} • Announcement

$EXPR expects 2Q17 comparable sales in the range of negative mid single digits. The company projects effective tax rate of 31% and interest expense of $0.7MM.

$EXPR {{ '2017-06-01T11:09:22+0000' | timeago}} • Announcement

$EXPR expects 2Q17 loss per share of $0.24-0.20 and adjusted per share results between loss of $0.03 and profit of $0.01. The company predicts net loss of $19-16MM and adjusted results between loss of $2MM and profit of $1MM. This forecast assumes a weighted average diluted shares outstanding of 78.8MM.

$EXPR {{ '2017-06-01T11:09:08+0000' | timeago}} • Announcement

$EXPR slipped to a loss in 1Q17 from a profit last year, due to lower sales. Net loss was $4.53MM or $0.06 per share compared to a profit of $12.88MM or $0.16 per share last year. Net sales fell to $467.03MM from $502.91MM. Non-GAAP loss per share was $0.07 compared to EPS of $0.25 a year ago. Comparable sales including e-commerce sales fell 10%.

$EXPR {{ '2017-05-04T19:17:25+0000' | timeago}} • Announcement

$EXPR said it will incur charges of about $6MM in 1Q17 and the remaining $22-28MM of exit costs in 2Q17. Also, the company anticipates tax benefits related to exiting Canada of $14-16MM, of which about $7MM is expected in 1Q17 and the remaining $7-9MM in 2Q17. As a result, $EXPR expects to report an impact to net income of $14-18MM in 2017.

$EXPR {{ '2017-05-04T19:15:06+0000' | timeago}} • Announcement

$EXPR announced an additional measure as part of its continued strategic approach to improving profitability and managing and optimizing its store footprint. As part of this plan, $EXPR plans to close all 17 Canadian stores and discontinue its Canadian operations through its Canadian subsidiary, Express Fashion Apparel Canada.

$EXPR {{ '2017-03-08T15:09:57+0000' | timeago}} • Webcast

In 2017, $EXPR expects sales and margin performance to improve moving through the year with better YoY performance in 2H17 as compared to 1H17. The company estimates mall traffic to remain challenging and the retail environment to remain promotional.

$EXPR {{ '2017-03-08T14:53:10+0000' | timeago}} • Webcast

At the end of 2017, $EXPR expects to end with 522 retail stores, down from 552 at the end of 2016. The company has also been reducing U.S. full-price retail store footprint through store closures and by converting them to outlet stores. Store traffic continues to be a headwind due to the change in shopping preferences of the consumer, $EXPR said.

$EXPR {{ '2017-03-08T14:48:34+0000' | timeago}} • Webcast

$EXPR stated that 2016 results were impacted by declining mall traffic trends, promotional retail environment and company-specific issues like expanding choice counts, broadening customer projections and reducing customer touch points. In 2017, $EXPR plans to open approx. 19 new outlet stores and increase the number of retail to outlet conversion.

$EXPR {{ '2017-03-08T12:33:15+0000' | timeago}} • Announcement

For FY17, $EXPR expects comp sales to be flat to low single digits. Net income is expected to be in the range of $52-58MM and diluted EPS to be in the range of $0.65-0.73 during FY17.

$EXPR {{ '2017-03-08T12:32:32+0000' | timeago}} • Announcement

For 1Q17, $EXPR expects comp sales in the negative high single digits. The company expects net loss to be in the range of $3MM to breakeven and diluted loss per share in the range of $0.04 to breakeven.

$EXPR {{ '2017-03-08T12:24:42+0000' | timeago}} • Announcement

Clothing and accessories chain $EXPR reported 59% decline in its 4Q16 earnings, hurt by lower comp sales and decline in merchandise margin. Net income fell to $22.8MM, or $0.29 per share, compared to $56.1MM, or $0.67 per share during 4Q15. Net sales fell 11% YoY to $678.8MM from $765.6MM. Comp sales (including e-commerce sales) fell 13%.

$EXPR {{ '2017-01-10T18:58:47+0000' | timeago}} • Announcement

$EXPR expects 4Q16 comparable sales to be negative 13%, net income to be $20-23MM and diluted EPS to be $0.26-0.30. For 2016, comparable sales are expected to be negative 9%, net income is expected to be $55-58MM or $0.70-0.74 per diluted share. Adjusted net income is expected to be $62-65MM or $0.78-0.82 per diluted share in 2016.

$EXPR {{ '2016-12-01T14:39:33+0000' | timeago}} • Webcast

$EXPR expects to plan for a total of $44-54MM of annualized cost savings over the next few years, as part of its cost savings initiatives. The company also expects to achieve 40% of the savings in merchandise margin, driven mainly by supply chain efforts.

$EXPR {{ '2016-12-01T14:24:38+0000' | timeago}} • Webcast

$EXPR said it opened five new Express factory outlet locations during 3Q16, bringing to total to 99 stores. In 4Q16, the company expects to open four additional stores and convert one existing retail store. $EXPR is also on track to end 2016 with 104 Express factory outlet location & is on target to achieve 140-150 stores within the next few years.

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