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Express updates guidance ahead of ICR presentation

Published 01/09/2018, 06:54 AM
© Reuters.  Express updates guidance ahead of ICR presentation
EXPRQ
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  • Express (NYSE:EXPR) updates guidance ahead of its presentation at the ICR Conference.
  • "Our performance during December was most challenging in our retail stores, where traffic was worse than expected. E-commerce sales quarter to date continue to trend positively, up double-digits versus last year. From a product perspective, dresses and sweaters were the primary drivers of the sales miss relative to our expectations," says CEO David Kornberg.
  • Comparable sales are expected to be in the range of -1% to -2% in Q4.
  • The retailer expects net income to be in the range of $24.5M to $26.0M.
  • EPS of $0.31 to $0.33 is anticipated.
  • Express expects to report full Q4 results on March 12.
  • Source: Press Release
  • #ICR18
  • Now read: Ascena Retail: Run!


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