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EXPRESS (EXPR) 4Q17 Results: Company Beats Expectations, Issues Light Outlook

Executive Summary

  • Express reported 4Q17 revenues of $693.8 million, up 2.2% year over year and beating the $686.8 million consensus estimate. Adjusted EPS was $0.34, above the consensus estimate of $0.32 and up from $0.29 in the year-ago quarter.
  • Comparable sales, including e-commerce sales, decreased by 1%, compared with a 13% decrease in the year-ago quarter and beating the consensus estimate of a 1.9% decline.
  • The company’s EPS guidance for 1Q18 is $(0.04)–$0.00, versus the $(0.01) consensus estimate. The company expects 1Q18 comp growth of (1.0)%–1.0%, compared with the consensus estimate of 0.5%.

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