Categories Consumer, Earnings, Retail

Express, Inc (EXPR): Q4 2019 Earnings Snapshot

— Express Inc (NYSE: EXPR) reported earnings of $0.19 per share in the fourth quarter of 2019, vs $0.18 per share expected. 

— Q4 consolidated net sales fell 3% to $606.7 million, vs. $601.4 million expected. Consolidated comparable sales were down 3%.

— Comparable outlet sales rose 2% as sales increased to $143.8 million from $129.4 million a year ago.

— For the first quarter, the company expects comparable sales to decrease in the mid-single digit. Diluted loss per share for this period is projected to be 18 to 22 cents. 

— For the full year 2020, capex is estimated in the range of $45 to $50 million. 

— EXPR shares shot up over 13% immediately following the announcement.   

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