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: Tapestry’s Acquisition of Capri Holdings Paves the Way for an American Luxury PowerhouseLetting Growth Off the Leash in China’s Pet Industry: China Retail InsightsResearch Preview: Retail-Tech Landscape—Generative AI InfrastructureUnderstanding Cross-Channel and Cross-Category Shopping: US Consumer Tracker Extra, July 2023