Express Looks More Like Retail Beta Than Alpha
Express: Great Company But Wait For A Pullback
Express Still Valued At A Significant Discount
Wed, May 25, 12:50 PM
Wed, May 25, 9:20 AM
Thu, May 19, 2:54 PM
- A number of retail stocks are higher than market averages after Wal-Mart, Dick's, and American Eagle Outfitters all surprise on the upside with earnings.
- Though consumers are clearly adjusting some of their spending habits, companies well-positioned are holding their own (groceries for WMT, bralettes for AEO, and golf for Dick's) compared to expectations.
- Today's movers include Boot Barn (BOOT +7.4%), Ascena Retail Group (ASNA +5.5%), Chico's FAS (CHS +5.8%), Cato (CATO +5.2%), Abercrombie & Fitch ANF, Express (EXPR +4.2%), and Foot Locker (FL +2.4%).
Thu, May 5, 10:59 AM
- Apparel store stocks trade lower after one of its stalwarts takes it on the chin. L Brands (NYSE:LB) is down 10.5% with even the resilient Victoria's Secret business showing signs of weakness.
- Notable decliners include Urban Outfitters (URBN -3.4%), Guess (GES -3.7%), Francesca's (FRAN -1.8%), Gap (GPS -2.6%), Genesco (GCO -2.8%), Ascena Retail Group (ASNA -3%), Express (EXPR -2%), and Chico's FAS (CHS -2.4%).
- Buckle (BKE -5.8%) and Abercombie & Fitch (ANF -4.5%) are also down, with the former reporting weak April sale and the latter losing an exec on top of the L Brands development.
Fri, Apr. 8, 10:17 AM
- Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
- There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
- Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
- Now read Sell Your Apparel Stocks
Thu, Apr. 7, 12:55 PM
- Mall retailers are trading off today after the news on traffic trends from the small batch of monthly reporters didn't impress.
- Another potential factor was the overall gloomy tone from Pacific Sunwear's (PSUN -45.3%) bankruptcy filing on younger consumers. The retailer noted that discretionary spending from the key demographic is going to dining and technology over apparel.
- Notable decliners include J.C. Penney (JCP -5.1%), Nordstrom (JWN -4.5%), Dillard's (DDS -5.1%), Sears Holdings (SHLD -3.6%), Gap (GPS -3.8%), American Eagle Outfitters (AEO -3.9%), Urban Outfitters (URBN -3.9%), Abercrombie & Fitch (ANF -3%), Express (EXPR -2.2%), Guess (GES -2%), Bucke (BKE -10.2%), Zumiez (ZUMZ -4.4%), and Aeropostale (ARO -9.6%).
- Now read A Few Thoughts Inspired By Saturday Shopping
Wed, Mar. 9, 9:15 AM
- Gainers: LINE +27%. ATSG +24%. REXX +21%. DNR +19%. CRC +17%. BUFF +14%. LNCO +14%. BIOC +14%. SXE +14%. CJES +14%. SGY +14%. BETR +11%. AMRN +10%. BTE +9%. DANG +9%. BCEI +8%. GGB +7%. WLL +7%. SDLP +7%. EXPR +7%. CLF 6%. PBR 6%. CHK 6%. PBR.A 5%.
- Losers: SDRL -13%. DSX -9%. BPT -9%. GRPN -5%. PLNT -5%. YELP -5%.
Wed, Mar. 9, 7:12 AM
- Express (NYSE:EXPR) reports comparable-store sales rose 4% in Q4.
- E-commerce sales grew 8% to $156.3M.
- Gross margin rate increased 230 bps to 34%.
- Merchandise margins improved 180 bps due to carefully managed promotions and inventory levels.
- SG&A expense rate +90 bps to 21.9%.
- Operating margin rate expanded 160 bps to 12.1%.
- Inventory +5.9% to $255.35M.
- Store count -1 Q/Q to 653.
- Q1 Guidance: Comparable sales: Low single digits growth; Tax rate: ~39%; Interest expense, net: $1.2M; Net income: $13M to $15M; Adjusted net income: $20M to $22M; Diluted EPS: $0.16 to $0.19; Adjusted EPS: $0.25 to $0.28; Shares outstanding: 79.9M; Store count: 643.
- FY2016 Guidance: Comparable sales: Low single digits growth; Tax rate: ~39%; Interest expense, net: $4.7M; Net income: $118M to $130M; Adjusted net income: $125M to $137M; Diluted EPS: $1.47 to $1.62; Adjusted EPS: $1.56 to $1.71; Shares outstanding: 80.1M; Capex: $110M to $115M; Store count: 655.
Thu, Jan. 7, 10:14 AM
- A large number of retail stocks are defying the global market sell-off to put in strong gains.
- The unexpected strength follows a few store chains reporting solid holiday sales growth, headlined by L Brands with a stellar 8% comp. The underlying story behind the good read may be that $2 gas prices are helping to feed consumer spending at U.S. store chains.
- Gasbuddy.com forecasts gas prices will stay low in the U.S. for all of 2016.
- Notable gainers include Wal-Mart (WMT +2%), Target (TGT +1%), Gap (GPS +2.3%), Fred's (FRED +1.2%), Express (EXPR +1.1%), American Eagle Outfitters (AEO +1.6%), Tilly's (TLYS +2.3%), Urban Outfitters (URBN +4%), TJX Companies (TJX +0.6%), Ross Stores (ROST +1.6%), Kohl's (KSS +2%), Stein Mart (SMRT +4.4%), Citi Trends (CTRN +1.7%), Buckle (BKE +4.8%).
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, FDIS, RHS, FSTA, RCD, PMR, BITE
Dec. 3, 2015, 9:15 AM
Dec. 3, 2015, 9:02 AM
- Express (NYSE:EXPR) is solidly higher in early trading after the company's Q3 report indicates it is building some momentum into the holidays.
- Comparable-store sales tracked higher to help leverage costs, while promotions were dialed back to also help boost margins.
- EXPR +7.41% premarket to $18.70 to help offset the 10% month-long slide in share price heading into the earnings print.
- Express earnings call webcast
- Previously: Express beats by $0.02, beats on revenue (Dec. 03 2015)
- Previously: More on Express' Q3 (Dec. 03 2015)
Dec. 3, 2015, 7:14 AM
- Express (NYSE:EXPR) reports comparable-store sales rose 6% in Q3.
- E-commerce sales increased 6% to $83.8M.
- Gross margin rate improved 330 bps to 35%.
- Merchandise margins grew 160 bps for the period.
- SG&A expense rate expanded 140 bps to 26.8%.
- Operating margin rate +200 bps to 8.1%.
- Inventory +4.1% to $364.66M.
- Store count +17 Q/Q to 654.
- Q4 Guidance: Comparable sales: Low single digits growth; Tax rate: ~39% to 40%; Interest expense, net: $1.2M; Net income: $50M to $54M; Diluted EPS: $0.60 to $0.64; Shares outstanding: 83.9M; Store count: 654.
- FY2015 Guidance: Comparable sales: Mid single digits growth; Tax rate: ~39%; Interest expense, net: $15.9M; Net income: $110M to $114M; Adjusted net income: $116M to $120M; Diluted EPS: $1.31 to $1.35; Adjusted EPS: $1.38 to $1.42; Shares outstanding: 84.7M; Capex: $112M to $117M.
Nov. 30, 2015, 12:55 PM
- It's not a happy Cyber Monday for most retail chain stock on broad concerns over soft store traffic and weak pricing.
- Notable decliners include Guess (GES -5.5%), Express (EXPR -4.6%), Zumiez (ZUMZ -7%), Foot Locker (FL -1.7%), Finish Line (FINL -2.1%), Urban Outfitters (URBN -4.4%), Francesca's (FRAN -2.9%), DSW (DSW -2.7%), and Men's Wearhouse (MW -3.3%).
- Discounters are down sharply, led by Big Lots (BIG -5.4%), Gordmans Stores (GMAN -6%), and Five Below (FIVE -4.3%).
- Big box retailers Wal-Mart (WMT -1.3%), Costco (COST -1.4%), and Target (TGT -1.4%) are lower with concerns over website capabilities lingering in the background. Best Buy (BBY +1.1%) is a bit of a surprise with a 1.4% gain after reports indicate demand for Apple products is exceptionally strong.
- Specialty retailers such as The Container Store (TCS +1.6%), Party City (PRTY +1.2%), and The Michaels Companies (MIK +1.4%) are also retail outliers as consumers are seen spending a higher percentage of their disposable income close to their homes.
- Previously: Retail stocks on watch after Amazon scoops up more Black Friday sales (Nov. 30 2015)
- Previously: Department stores stocks weak on holiday sales anxiety (Nov. 30 2015)
Nov. 27, 2015, 2:39 PM
Aug. 26, 2015, 12:45 PM
Aug. 26, 2015, 9:14 AM
Express, Inc. is a specialty apparel and accessories retailer offers both women's and men's merchandise. It offers fashionable apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual, jeanswear and going-out occasions. It operates... More
Industry: Apparel Stores
Country: United States
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