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Last $18.35 USD
Change Today -0.04 / -0.22%
Volume 551.5K
EXPR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

express inc (EXPR) Key Developments

Express Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015 and Interest Expense Guidance for the Second Nine Months of the Fiscal 2016

Express Inc. reported unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company reported net sales of $502,378,000 against $460,652,000 a year ago. Operating income was $33,948,000 against $14,991,000 a year ago. Income before income taxes was $21,984,000 against $9,119,000 a year ago. Net income was $13,062,000 against $5,083,000 a year ago. Basic and diluted earnings per share were $0.15 against $0.06 a year ago. Net cash used in operating activities was $5,368,000 against net cash used in operating activities of $31,187,000 a year ago. Capital expenditures were $23,148,000 against $26,937,000 a year ago. For the second quarter of 2015, the company expects comparable sales to be positive low single digits. Effective tax rate is expected to be approximately 39%. Net income is expected to be between $11 million to $14 million. Diluted earnings per share are expected to be between $0.13 to $0.16. This guidance does not take into account any additional non-core operating items that may occur. For the full year 2015, the company expects comparable sales to be positive low single digits. Effective tax rate is expected to be approximately 40%. Net income is expected to be $89 million to $98 million. Diluted earnings per share are expected to be $1.04 to $1.15. Capital expenditures were expected to be $114 million to $119 million. Adjusted net income expected to be between $95 million to $104 million. Adjusted diluted EPS expected to be between $1.11 to $1.22. The company reported interest expense is expected to be approximately $1.2 million for each of the next three quarters, reflecting the accounting treatment of leases.

Express Inc. to Report Q1, 2016 Results on May 28, 2015

Express Inc. announced that they will report Q1, 2016 results at 9:00 AM, US Eastern Standard Time on May 28, 2015

Express Inc., Q1 2016 Earnings Call, May 28, 2015

Express Inc., Q1 2016 Earnings Call, May 28, 2015

Express Inc. to Close 22 Stores in 2015; to Open One New Store in US

Express Inc. expected to close 22 stores in 2015 as part of 50 planned closures between 2015 and 2017. The company plans to open only one new full Express in the U.S. for the year 2015.

Express Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Express Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended January 31, 2015. These results cover the 13 and 52 week periods ended January 31, 2015 and compare to the 13 and 52 week periods ended February 1, 2014. For the quarter, net sales were $725,801,000 against $715,880,000 for the same period of last year. Operating income was $76,474,000 against $85,420,000 for the same period of last year. Income before income taxes was $69,470,000 against $79,742,000 for the same period of last year. Net income was $41,790,000 against $47,926,000 for the same period of last year. Earnings per diluted share were $0.49 against $0.57 for the same period of last year. Comparable sales during the quarter (including e-commerce sales) decreased 2% against a comparable sales increase of 1% in last year's fourth quarter. E-commerce sales rose 4% to $144.3 million. Capital expenditures during the quarter were $29 million compared to $27 million last year. For the year, net sales were $2,165,481,000 against $2,219,125,000 for the same period of last year. Operating income was $136,597,000 against $214,259,000 for the same period of last year. Income before income taxes was $111,556,000 against $193,166,000 for the same period of last year. Net income was $68,325,000 against $116,539,000 for the same period of last year. Earnings per diluted share were $0.81 against $1.37 Net cash provided by operating activities was $156,570,000 against $195,075,000 for the same period of last year. Capital expenditures were $115,088,000 against $105,368,000 for the same period of last year. Purchase of intangible assets was $1,010,000 against $94,000 for the same period of last year. Comparable sales (including e-commerce sales) decreased 5%, compared to a 3% increase in 2013. E-commerce sales rose 4% to $354.2 million. The company provided earnings guidance for the first quarter ending May 2, 2015 and for fiscal 2015. For the 13 week period, the company expects, comparable sales to be in the range of low to mid single digits; effective tax rate to be approximately 47%; interest expense, net to be $12.4 million; net income to be in the range of $3 to $6 million; adjusted net income to be in the range of $9 to $12 million; diluted earnings per share to be in the range of $0.04 to $0.07; and adjusted diluted earnings per share to be in the range of $0.11 to $0.14. For the year, the company expects, comparable sales to be in low single digits; effective tax rate to be approximately 40%; interest expense, net to be $16 million; net income to be in the range of $73 to $85 million; adjusted net income to be in the range of $79 to $91 million; diluted earnings per share to be in the range of $0.93 to $1.07; adjusted diluted earnings per share to be in the range of $0.11 to $0.14 and capital expenditures to be in the range of $114 to $119 million.

 

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EXPR

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Valuation EXPR Industry Range
Price/Earnings 20.4x
Price/Sales 0.7x
Price/Book 2.7x
Price/Cash Flow 20.4x
TEV/Sales 0.6x
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