Express (EXPR) Tops Q4 EPS by 3c, Comps Decline 6%
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Express, Inc. Reports Fourth Quarter and Full Year 2018 Results; Introduces First Quarter 2019 Outlook
March 13, 2019 6:45 AM EDTFourth quarter comparable sales decreased 6% Fourth quarter loss of $0.02 per share, or income of $0.19 on an adjusted basis excluding costs related to the CEO departure and non-cash impairment of an equity method investment E-commerce comparable sales increased 5% Achieved target of $12 million in cost savings in 2018 Strong balance sheet maintained with $172 million in cash and no debt at year end Repurchased 13.0 million shares for $105 million life to date under existing $150 million share repurchase program... More
