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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
Aug. 26, 2015, 8:25 AM
- Express (NYSE:EXPR) leaps higher in early trading after reporting a significant increase in margins during Q2 and lifting guidance.
- Nomura is in with a post-earnings upgrade on Express to Buy.
- "We continue to believe [Express] is an underappreciated story and we expect ongoing multiple and earnings expansion," reads the note from Nomura.
- Previously: Express beats by $0.09, beats on revenue
- Previously: More on Express' Q2
- EXPR +9.5% premarket to $18.51.
Aug. 26, 2015, 7:23 AM
- Express (NYSE:EXPR) reports comparable-store sales rose 7% in Q2.
- E-commerce sales grew 21% to $75M.
- Gross margin increased 480 bps to 33.1%.
- Merchandise margins +240 bps during the quarter
- SG&A expense rate +90 bps to 26.2%.
- Operating margin rate rose 370 bps to 6.7%.
- Inventory +13.4% to $272.01M.
- Store count +11 Q/Q to 637.
- Q3 Guidance: Comparable sales: Mid single digits growth; Tax rate: ~39%; Interest expense, net: $1.2M; Net income: $22M to $25M; Diluted EPS: $0.26 to $0.29; Shares outstanding: 85.7M; Store count: 654.
- FY2015 Guidance: Comparable sales: Mid single digits growth; Tax rate: ~39%; Interest expense, net: $15.9M; Net income: $105M to $111M; Adjusted net income: $111M to $117M; Diluted EPS: $1.23 to $1.30; Adjusted EPS: $1.30 to $1.37; Shares outstanding: 85.5M; Capex: $114M to $119M; Store count: 656.
Jun. 4, 2015, 10:26 AM
- A healthy round of reports from retail chains and more firming up of the labor market has the retail sector ahead of market averages
- Outperformers include Buckle (BKE +3.4%), Five Below (FIVE +7.3%), Abercrombie & Fitch (ANF +1.8%), L Brands (LB +1.8%), American Eagle Outfitters (AEO +2.2%), Citi Trends (CTRN +2.1%), Express (EXPR +1.4%), Urban Outfitters (URBN +1.6%), Wayfair (W +1.3%), and TravelCenters of America (TA +0.9%).
- The S&P Retail ETF (NYSEARCA:XRT) is also positive on the day with most broad market averages in the red.
May 28, 2015, 9:16 AM
Mar. 11, 2015, 9:11 AM
Mar. 11, 2015, 7:29 AM
- Express (NYSE:EXPR) reports comparable-store sales fell 2% in Q4.
- E-commerce sales were up 4% Y/Y to $144.3M.
- Gross margin rate -30 bps to 31.7% as higher rent and depreciation expenses factored in.
- SG&A expense rate +90 bps to 21.0%.
- Merchandise margins improved by 70 bps during the quarter
- Inventory +13.4% to $241.06M.
- Guidance: The company sees Q1 EPS of $0.11-$0.14 vs $0.11 consensus.
- EXPR +7.0% premarket.
Jan. 20, 2015, 12:45 PM
Jan. 20, 2015, 9:16 AM
Express, Inc., is a specialty apparel and accessory retailer offering both women's and men's merchandise. The Company operates in single segment which is Express brick-and-mortar retail stores and e-commerce operations.
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