Insight ReportExpress (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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Consumer Sentiment Declines; Plus, Apparel and Footwear Shopping in Focus: US Consumer Survey InsightsWeekly US Store Openings and Closures Tracker 2025, Week 47: IKEA Continues Its Opening Spree; Target To Invest in StoresInnovator Profile: Palate—Agile, Authentic Product Feedback for Better Food InnovationHoliday 2025 Survey Insights: Holiday Shopping Jumps As Shutdown Impact Fades
