Express (EXPR) Tops Q4 EPS by 5c, Comps Decline 1%, Offers Guidance
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Express, Inc. Reports Fourth Quarter and Full Year 2017 Results; Introduces First Quarter and Full Year 2018 Outlook
March 14, 2018 6:45 AM EDTFourth quarter comparable sales decreased 1% Fourth quarter diluted EPS of $0.37, including a $0.03 net tax benefit Record e-commerce sales for both the fourth quarter and full year; $203 million in the fourth quarter and $509 million for the year, up 17% and 22% respectively, on a comparable sales basis Merchandise margin expanded 130 basis points in the fourth quarter Achieved target of $20 million in cost savings in 2017 and remain on track to deliver $44 to $54 million in total savings by 2019 Strong balance... More
