Brief: Express Inc Reports Q2 2023 Results Reaffirms FY 2023 Outlook

Express

06/09/2023 11:41

Sept 6 (Reuters) - Express Inc  EXPR.N :
    * EXPRESS, INC. (EXPR) REPORTS SECOND QUARTER 2023 RESULTS;
REAFFIRMS FULL YEAR 2023 OUTLOOK
    * EXPRESS INC - Q2 2023 NET SALES AND DILUTED LOSS PER SHARE
IN
RANGE OF PREVIOUSLY ANNOUNCED OUTLOOK
    * EXPRESS INC - QTRLY CONSOLIDATED NET SALES DECREASED 6% TO
$435.3 MILLION FROM $464.9 MILLION IN Q2 OF 2022
    * EXPRESS INC - REITERATES PLANS TO REALIZE $120 MILLION IN
ANNUALIZED SAVINGS IN 2024 AND GOAL TO DELIVER $200 MILLION IN
ANNUALIZED SAVINGS BY 2025
    * EXPRESS INC - SEES  Q3 NET SALES OF APPROXIMATELY $460
MILLION
TO $490 MILLION
    * EXPRESS INC - SEES Q3  DILUTED LOSS PER SHARE OF $5.50 TO
$7.50
    * EXPRESS INC - QTRLY LOSS PER SHARE $11.79

Source text for Eikon:  ID:nBw7Rs5STa 
Further company coverage:  EXPR.N 

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