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Wednesday, March 13, 2019

=Express (EXPR) reported earnings on Wed 13 March 19 (b/o)

Express beats by $0.04, reports revs in-line; guides Q1 EPS below consensus
  • Reports Q4 (Jan) earnings of $0.19 per share, excluding costs related to the CEO departure and impairment of our Homage investment, $0.04 better than the S&P Capital IQ Consensus of $0.15; revenues fell 10.2% year/year to $628.4 mln vs the $629.63 mln S&P Capital IQ Consensus.
    • Comparable sales (including e-commerce sales) decreased 6%, compared to a 1% decrease in the fourth quarter of 2017.
  • Co issues downside guidance for Q1, sees EPS of ($0.34)-($0.27) vs. ($0.05) S&P Capital IQ Consensus.
    • Q1 Comparable Sales expected to be (9%) to (11%)

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