Company Earnings Update 3 minutesRegister for Free AccessExpress (EXPR) 4Q16 Results: EPS in Line with Expectations; Grim Outlook for FY17 Coresight Research March 9, 2017 Executive Summary Express reported 4Q16 EPS of $0.29, down 56.7% from the year-ago quarter and in line with the consensus estimate and company guidance. The company reported revenue of $678.8 million, down 11.3% from the year-ago quarter and slightly above the $675.8 million consensus estimate. Same-store sales, which includes e-commerce, declined by 13% from the year-ago quarter—when they grew by 4% year over year—versus the consensus estimate of a 12% decline. The company said slower mall traffic and a promotional retail environment impacted performance. For FY17, Express projects EPS of $0.65–$0.73, compared with the $0.87 consensus estimate. Same-store sales for the full year are expected to be flat to up by low single digits, versus the consensus estimate of a 0.4% decline. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to TheftEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveUS Consumer Tracker Extra: Seasonal Shopping, 2Q23—Easter, Mother’s Day, Father’s Day and Holiday 2023US CPG Sales Tracker: Health and Beauty Drives Online CPG Growth Up to Mid-Single-Digit Percentage