$EXPR (Express Inc.)

$EXPR {{ '2016-05-25T14:24:01+0000' | timeago}} • Webcast

Adrienne Yih of Wolfe Research asks about $EXPR's comp differential or spread between less weather-impacted areas such as the West Coast and then the Northeast. CFO Perry Pericleous said in 1Q16, $EXPR saw better performance in the Northeast and Midwest as compared to the rest of the country.

$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.

$EXPR {{ '2016-12-01T14:18:01+0000' | timeago}} • Webcast

$EXPR stated that in women's business in 3Q16, denim, dresses and shoes performed above the company's comp average, while in men's, suits, woven tops, ties and accessories performed above $EXPR's comp average. Overall, the men's business comped ahead of women's in the quarter.

$EXPR {{ '2016-12-01T13:09:17+0000' | timeago}} • Announcement

For 2016, $EXPR now expects net income of $55-58MM, adjusted net income of $62-65MM, EPS of $0.70-0.74 and adjusted EPS of $0.78-0.82. $EXPR also expects comparable sales in negative high single digits range for 2016. Tax rate for 2016 is expected to be about 37%, CapEx of $100-105MM and weighted average shares outstanding of $79.1MM.

$EXPR {{ '2016-12-01T13:05:37+0000' | timeago}} • Announcement

For 4Q16, $EXPR expects net income of $20-23MM and EPS of $0.26-0.30. The company projects comparable sales in the negative low double digits range for 4Q16. $EXPR also expects effective tax rate of about 39%, interest expense of $0.7MM, and weighted average diluted shares outstanding of 78.8MM for 4Q16.

$EXPR {{ '2016-12-01T13:03:03+0000' | timeago}} • Announcement

$EXPR's cash and cash equivalents totaled $101.9MM at 3Q16-end compared to $91.2MM a year ago. CapEx was $80.9MM for the thirty-nine weeks ended Oct. 29, 2016, while inventory fell 6% to $341.9MM at 3Q16-end from $364.7MM at the end of the prior year's third quarter.

$EXPR {{ '2016-12-01T12:58:37+0000' | timeago}} • Announcement

Clothing and accessories chain $EXPR posted a decline in 3Q16 earnings, hurt by  lower sales, a comp sales decline of 8% and merchandise margin decline of 340 BP. Net income fell 55.83% to $11.62MM or $0.15 per share from $26.31MM or $0.31 per share a year ago. Net sales fell 7.41% to $506.09MM. Comp sales (including e-commerce sales) fell 8%.

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