Express (EXPR) Misses Q1 EPS by 1c; Guides Lower
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Express, Inc. Reports First Quarter 2017 EPS in Line with Guidance; Introduces Second Quarter Guidance and Revises Full Year 2017 Outlook
June 1, 2017 6:45 AM EDTFirst quarter net sales decreased by 7% to $467.0 million First quarter loss of $0.06 per share, including a net negative $0.03 per share impact related to certain discrete tax items and the exit of Canada E-commerce sales increased 27% in the first quarter, accounting for 21% of net sales Remain on track to deliver $20 million in cost savings in 2017 First quarter operating cash flow improved by $16.6 million; strong balance sheet maintained with more than $190 million in cash and no debt... More
