Express (EXPR) Tops Q3 EPS by 1c, Comps Flat

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Go back to Express (EXPR) Tops Q3 EPS by 1c, Comps Flat

Express, Inc. Reports Third Quarter 2018 Results; Introduces Fourth Quarter Guidance and Revises Full Year 2018 Outlook

November 29, 2018 6:45 AM EST

Third quarter net sales increased 2%, with flat comparable sales Third quarter diluted earnings per share (EPS) of $0.11 E-commerce comparable sales increased 23% and accounted for 29% of net sales Gross margin expanded 70 basis points in the third quarter Omni-channel capabilities delivered increased benefits Strong balance sheet maintained with $161 million in cash and no debt Repurchased 10.6 million shares for $91 million life to date under existing $150 million share repurchase program... More