Insight Report 2 minutes PremiumExpress (EXPR) 1Q16 Results: Express Offers Muted Outlook as Comps Disappoint Coresight Research March 25, 2016 Executive Summary Express reported adjusted 1Q16 EPS of $0.25 versus the consensus estimate of $0.27. Total revenues were $502.9 million versus consensus of $521.5 million. Comps (including e-commerce) declined by 3% versus guidance for a low-single-digit increase. Management provided 2Q16 EPS guidance of $0.15–$0.19, based on a mid-single-digit comp decline, versus consensus of $0.29. FY16 guidance is now for EPS of $1.41–$1.54, down from $1.56–$1.71 previously. That is based on an expected comp decline in the low- to mid-single-digit range and versus previous guidance for a low-single-digit increase in comps. Consensus is for EPS of $1.66. Guidance for both 2Q16 and FY16 reflects the current retail environment. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: June 2023 UK Retail Sales: Warm Weather Boosts Retail Sales GrowthEarnings Insights 4Q22, Week 1: Albertsons and Tractor Supply See Strong Momentum; Procter & Gamble and Levi Post Sales DeclinesRetail Challenges Boost Edge Technology Investment: Research PreviewShowfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession Model