Express (EXPR) Reports In-Line Q4 EPS, Comps Declined 13%, Offers Q1 & FY Guidance
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Express, Inc. Reports Fourth Quarter and Full Year 2016 Results; Introduces First Quarter and Full Year 2017 Outlook
March 8, 2017 6:45 AM ESTFourth quarter net sales decrease by 11% to $678.8 million; full year net sales decrease 7% to $2.2 billion Fourth quarter diluted EPS of $0.29; full year diluted EPS of $0.81 E-commerce sales increase 9% in the fourth quarter, accounting for 25% of net sales; full year e-commerce sales increase 5%, accounting for 19% of net sales Realized $9 million in cost savings in 2016; on track to deliver $44 to $54 million in total cost savings over the next three years Full year operating cash flow of $187 million; strong balance sheet... More
