Brief: Express Inc Reports Fourth Quarter And Full Year 2022 Results

Express

24/03/2023 10:55

March 24 (Reuters) - Express Inc  EXPR.N :
    * EXPRESS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022
RESULTS
    * EXPRESS INC - QTRLY CONSOLIDATED NET SALES DECREASED 14%
TO
$514.3 MILLION FROM $594.9 MILLION IN Q4 OF 2021
    * EXPRESS INC SEES Q1 DILUTED LOSS PER SHARE OF $0.70 TO
$0.80
    * EXPRESS INC - SEES Q1 2023 COMPARABLE SALES OF NEGATIVE
LOW-DOUBLE DIGITS
    * EXPRESS INC SEES FULL YEAR COMPARABLE SALES OF POSITIVE
LOW-SINGLE DIGITS
    * EXPRESS INC - SEES FY DILUTED LOSS PER SHARE OF $0.85 TO
$1.05
    * EXPRESS INC - SEES FULL YEAR 2023 CAPITAL EXPENDITURES OF
ABOUT
$55 MILLION
    * EXPRESS INC - QTRLY EARNINGS PER SHARE $4.82
    * EXPRESS INC- QTRLY NET INCOME INCLUDED THE AFTER TAX
IMPACT OF
THE $409.5 MILLION GAIN ON THE TRANSACTION WITH WHP GLOBAL
    * EXPRESS INC- QTRLY ADJUSTED LOSS PER SHARE $0.63

Source text for Eikon:  ID:nBw8f2M9sa 
Further company coverage:  EXPR.N 

 ((Reuters.Briefs@thomsonreuters.com;))