Wed, Aug. 26, 12:45 PM
Wed, Aug. 26, 9:14 AM
Wed, Aug. 26, 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.
Wed, Aug. 26, 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.
Thu, Jun. 4, 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.
Thu, May 28, 9:16 AM
Wed, Mar. 11, 9:11 AM
Wed, Mar. 11, 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.
Tue, Jan. 20, 12:45 PM
Tue, Jan. 20, 9:16 AM
Tue, Jan. 20, 8:57 AM
Dec. 11, 2014, 10:03 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 2.3% off of today's strong read on retail sales in the U.S.
- While the big boys are holding their own - Wal-Mart (NYSE:WMT) +1.1%, Target (NYSE:TGT) +2.0%, Costco (NASDAQ:COST) +1.0% - it's the apparel chains and specialty retailers doing the heavy lifting.
- Retail standouts: Barnes & Noble (NYSE:BKS) +3.3%, CST Brands (NYSE:CST) +3.3%, Ascena Retail (NASDAQ:ASNA) +3.2%, Williams-Sonoma (NYSE:WSM) +3.0%, Express (NYSE:EXPR) +2.9%, Stein Mart (NASDAQ:SMRT) +2.7%.
- Previously: Retail Sales report, highlights
Dec. 4, 2014, 7:37 AM
- Express (NYSE:EXPR) reports comparable-store sales fell 5% in Q3 to miss the expectation of analysts for a 3% dip.
- E-commerce sales were up 11% in the period.
- Gross margin rate -110 bps to 31.7% on higher buying and occupancy costs in relation to sales.
- SG&A expense rate -10 bps to 25.4%.
- Inventory +2.1% to $350.27M.
- Q4 guidance: EPS of $0.38-$0.45 expected. Comparable sales in a negative mid to high single digit rate seen.
- Full-year guidance: EPS of $0.69-$0.76 projected vs. $0.82 consensus. Comp sales at a negative mid to high single digit rate.
- EXPR -10.3% premarket.
Oct. 17, 2014, 9:48 AM
- A warning from Urban Outfitters (URBN -15%) on Q3 sales and margin rates is impacting peers in the teen-oriented specialty retail sector.
- A number of investment firms are readjusting estimates and ratings based on the development at the retailer.
- Decliners: American Eagle Outfitters (NYSE:AEO) -3.5%, Abercrombie & Fitch (NYSE:ANF) -4.4%, Guess (NYSE:GES) -1.7%, Express (NYSE:EXPR) -2.1%, Aeropostale (NYSE:ARO) -1.0%.
Sep. 15, 2014, 12:20 PM
- Mall retailer stocks start off the week in sluggish fashion, trailing broad market averages.
- Channel checks on back-to-school traffic at malls have come in below expectations, although some analysts think e-commerce gains will offset.
- Sales for retail clothing stores rose 0.3% M/M and 3.2% Y/Y in August.
- Decliners: Lululemon (NASDAQ:LULU) -3.1%, Express (NYSE:EXPR) -2.2%, Pacific Sunwear (NASDAQ:PSUN) -2.2%, American Eagle Outfitters (NYSE:AEO) -1.6%, Wet Seal (NASDAQ:WTSL) -2.1%, Buckle (NYSE:BKE) -1.0%, Urban Outfitters (NASDAQ:URBN) -1.1%, Zumiez (NASDAQ:ZUMZ) -1.9%.
Aug. 27, 2014, 12:46 PM
EXPR vs. ETF Alternatives
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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