Express (EXPR) Tops Q4 EPS by 5c, Comps Decline 1%, Offers Guidance
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Express (NYSE: EXPR) reported Q4 EPS of $0.37, $0.05 better than the analyst estimate of $0.32. Revenue for the quarter came in at $693.8 million versus the consensus estimate of $686.85 million.
- Fourth quarter comparable sales decreased 1%
2018 Guidance:
The table below compares the Company's projected results for the thirteen week period ended May 5, 2018 to the recast results for the thirteen week period ended April 29, 2017, which reflect retrospective adoption of the new revenue recognition standard.
First Quarter 2018 Guidance | First Quarter 2017 Results | |||||
| Comparable Sales | -1% to 1% | (10)% | ||||
| Effective Tax Rate | NM(1) | 64.5%(2,4) | ||||
| Interest Expense, Net | $0.3 million | $0.8 million | ||||
| Net (Loss)/Income | ($3.0) to $0.0 million | ($2.7) million(2,3,4) | ||||
| Adjusted Net (Loss)/Income | N/A | ($3.7) million(4,5) | ||||
| Diluted Earnings Per Share (EPS) | ($0.04) to $0.00 | ($0.03)(2,3,4) | ||||
| Adjusted Diluted EPS | N/A | ($0.05)(4,5) | ||||
| Weighted Average Diluted Shares Outstanding | 75.9 million | 78.4 million |
The table below compares the Company's projected results for the 52 week period ended February 2, 2019 to the recast results for the 53 week period ended February 3, 2018, which reflect retrospective adoption of the new revenue recognition standard.
Full Year 2018 Guidance | Full Year 2017 Results | |||||
| Comparable Sales | -1% to 1% | (3)% | ||||
| Effective Tax Rate | Approximately 33%(1) | 34.6%(2,4) | ||||
| Interest Expense, Net | $1 million | $2.2 million | ||||
| Net Income | $25 to $35 million | $18.9 million(2,3,4) | ||||
| Adjusted Net Income | N/A | $28.9 million(4,5) | ||||
| Diluted EPS | $0.32 to $0.46 | $0.24(2,3,4) | ||||
| Adjusted Diluted EPS | N/A | $0.37(4,5) | ||||
| Weighted Average Diluted Shares Outstanding | 76.6 million | 78.9 million | ||||
| Capital Expenditures | $60 to $65 million | $57.4 million |
For earnings history and earnings-related data on Express (EXPR) click here.
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