Express (EXPR) Reports In-Line Q3 EPS
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Express, Inc. Reports Third Quarter 2017 Comps at the Top End of Guidance; Announces $150 Million Share Repurchase Program
November 30, 2017 6:45 AM ESTThird quarter comparable sales decreased by 1% Third quarter diluted earnings per share (EPS) of $0.08 Hurricane activity negatively impacted third quarter net sales and EPS by approximately 1% and $0.02, respectively E-commerce sales increased 23%, accounting for 24% of net sales Initial success from omni-channel initiatives, with continued rollout planned for 2018 Remain on track to deliver $20 million in cost savings in 2017 Strong balance sheet maintained with $198 million in cash, an improved inventory position, and no... More
