Express (EXPR) Tops Q4 EPS by 3c, Comps Decline 6%

Express (NYSE: EXPR) reported Q4 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $628.4 million versus the consensus estimate of $629.63 million.

Comparable sales (including e-commerce sales) decreased 6%, compared to a 1% decrease in the fourth quarter of 2017.

GUIDANCE:

Express sees Q1 2019 EPS of ($0.27)-($0.34), may not compare versus the consensus of ($0.04).

• Comparable Sales (9%) to (11%)

The Company is not issuing full year guidance given the ongoing CEO leadership transition and the current variability in comparable sales trends.

For earnings history and earnings-related data on Express (EXPR) click here.

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