Express (EXPR) Tops Q3 EPS by 2c; Comps Outpaced; FY16 EPS Outlook Below Views

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Go back to Express (EXPR) Tops Q3 EPS by 2c; Comps Outpaced; FY16 EPS Outlook Below Views

Express, Inc. Reports Third Quarter 2016 Results; Introduces Fourth Quarter Guidance and Revises Full Year 2016 Outlook

December 1, 2016 6:45 AM EST

Net sales decreased 7% to $506.1 million. Diluted EPS was $0.15, including a $0.04 net tax benefit. Total inventory was down 6%.

COLUMBUS, Ohio--(BUSINESS WIRE)-- Express, Inc. (NYSE: EXPR), a specialty retail apparel company, announced its financial results for the third quarter of 2016. These results, which cover the thirteen and thirty-nine weeks ended October 29, 2016, are compared to the thirteen and thirty-nine weeks ended October 31, 2015.

David Kornberg, the Companys president and chief executive officer, stated: Our third quarter... More