Last $13.08 USD
Change Today -0.41 / -3.04%
Volume 1.0M
EXPR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

express inc (EXPR) Snapshot

Open
$13.37
Previous Close
$13.49
Day High
$13.40
Day Low
$13.04
52 Week High
02/27/14 - $18.99
52 Week Low
05/30/14 - $11.80
Market Cap
1.1B
Average Volume 10 Days
2.6M
EPS TTM
$0.88
Shares Outstanding
84.3M
EX-Date
12/14/10
P/E TM
14.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for EXPRESS INC (EXPR)

express inc (EXPR) Related Businessweek News

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express inc (EXPR) Details

Express, Inc. operates as a specialty apparel and accessory retailer primarily in the United States. Its stores provide apparel and accessories for women and men between 20 and 30 years old across various aspects of the lifestyles comprising work, casual, jeanswear, and going-out occasions. As of August 27, 2014, it operated approximately 630 retail stores located primarily in shopping malls, lifestyle centers, and street locations in the United States, Canada, the District of Columbia, and Puerto Rico. Express, Inc. also distributes its products through the company's e-commerce Website, express.com, as well as franchisees Express stores in Latin America and the Middle East. The company was formerly known as Express Parent LLC and changed its name to Express, Inc. in May 2010. Express, Inc. was founded in 1980 and is based in Columbus, Ohio.

19,000 Employees
Last Reported Date: 04/1/14
Founded in 1980

express inc (EXPR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $494.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $742.3K
Executive Vice President of Sourcing & Produc...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

express inc (EXPR) Key Developments

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. Revises its Earnings Guidance for the Fourth Quarter and Full Year 2014 Ending January 31, 2015

Express Inc. revised its earnings guidance for the fourth quarter and full year 2014 ending January 31, 2015, based on its performance during the 2014 holiday season and its expectations for the balance of the period. For the fourth quarter, comparable sales are now expected to decline 3% to 4% compared to the company's previous guidance of a mid to high single digit decline.  Net income is currently expected to range from $36.5 to $39 million, or $0.43 to $0.46 per diluted share on 84.8 million weighted average shares outstanding.  This compares to the company's previous guidance of $32 to $38 million, or $0.38 to $0.45 per diluted share.  For the full year based on its revised fourth quarter outlook, the company has also adjusted its guidance for the 52 week year ending January 31, 2015. Full year comparable sales are now expected to decline in the mid-single digit range, compared to the company's previous guidance of a mid to high single digit decline.  Net income is now estimated at $63 to $66 million, or $0.74 to $0.77 per diluted share on 84.6 million weighted average shares outstanding. This compares to the company's previous expectation of $59 to $65 million, or $0.69 to $0.76 per diluted share.

Express Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

Express Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of $497,608,000 compared to $503,808,000 a year ago. Operating income was $30,524,000 compared to $36,730,000 a year ago. Income before income taxes was $24,322,000 compared to $31,701,000 a year ago. Net income was $14,585,000 compared to $19,267,000 a year ago. Basic and diluted EPS was $0.17 compared to $0.23 a year ago. For the nine months, the company reported net sales of $1,439,680,000 compared to $1,503,245,000 a year ago. Operating income was $60,123,000 compared to $128,839,000 a year ago. Income before income taxes was $42,086,000 compared to $113,424,000 a year ago. Net income was $26,535,000 compared to $68,613,000 a year ago. Diluted EPS was $0.31 compared to $0.81 a year ago. Net cash used in operating activities was $1,993,000 compared to net cash provided by operating activities of $37,640,000 a year ago. Capital expenditures were $86,571,000 compared to $78,772,000 a year ago. Purchase of intangible assets was $1,010,000 compared to $69,000 a year ago. The company provided earnings guidance for the fourth quarter and full year 2014. For the fourth quarter of 2014, effective tax rate is expected approximately 40%. Interest expense, net is expected approximately $6 million. Net income is expected $32 million to $38 million. Diluted earnings per share are expected $0.38 to $0.45. For the full year 2014, effective tax rate is expected approximately 39%. Interest expense, net is expected approximately $24 million. Net income is expected $59 million to $65 million. Diluted EPS is expected $0.69 to $0.76. Capital expenditures are expected $113 million to $117 million.

 

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Industry Analysis

EXPR

Industry Average

Valuation EXPR Industry Range
Price/Earnings 14.8x
Price/Sales 0.5x
Price/Book 2.2x
Price/Cash Flow 14.8x
TEV/Sales 0.3x
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