Express (EXPR) Misses Q3 EPS by 66c, Revenues Miss

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Go back to Express (EXPR) Misses Q3 EPS by 66c, Revenues Miss

Express, Inc. Reports Third Quarter 2020 Results

December 3, 2020 6:45 AM EST

Third quarter comparable sales of negative 30%, largely resulting from continued steep declines in wear-to-work and occasion-based categories Third quarter diluted loss per share of $1.39; adjusted diluted loss per share of $1.17 Ended quarter with $107 million in cash Completed additional 10% corporate workforce reduction, which will reduce expense in 2021 by approximately $13 million Digital strategy gains momentum; sequential quarterly demand and transaction improvement throughout 2020; third quarter transactions up 17% and conversion up 10% over prior... More