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Last $16.19 USD
Change Today -0.01 / -0.06%
Volume 799.4K
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

express inc (EXPR) Key Developments

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.

Express Inc., Q4 2015 Earnings Call, Mar 11, 2015

Express Inc., Q4 2015 Earnings Call, Mar 11, 2015

Express Ends Deal Talks With Sycamore

Express Inc. (NYSE:EXPR) said it ended talks to be bought by Sycamore Partners, due to unavailability of financing. Sycamore agreed to some restrictions, which included not contacting or entering into arrangements with third parties for buying Express, a joint statement said. Sycamore said it was interested in buying Express last June, after disclosing a 9.9% stake in Express.

Express Inc. to Report Q4, 2015 Results on Mar 11, 2015

Express Inc. announced that they will report Q4, 2015 results at 12:00 PM, GMT Standard Time on Mar 11, 2015

 

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Industry Analysis

EXPR

Industry Average

Valuation EXPR Industry Range
Price/Earnings 20.0x
Price/Sales 0.6x
Price/Book 2.5x
Price/Cash Flow 20.0x
TEV/Sales 0.4x
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