Brief: Express Reports Third Quarter 2022 Results

Express

08/12/2022 13:26

Dec 8 (Reuters) - Express Inc  EXPR.N :
    * EXPRESS, INC. REPORTS THIRD QUARTER 2022 RESULTS
    * EXPRESS INC Q3 SAME STORE SALES FELL 8 PERCENT
    * EXPRESS INC Q3 LOSS PER SHARE $0.50
    * EXPRESS INC - QTRLY COMPARABLE SALES DECLINED BY 8%
    * EXPRESS INC - QTRLY CONSOLIDATED NET SALES DECREASED 8% TO
$434.1 MILLION FROM $472.0 MILLION IN Q3 OF 2021
    * EXPRESS INC - SEES FY 2022 COMPARABLE SALES OF FLAT TO UP
1%
    * EXPRESS INC - SEES FY 2022 DILUTED LOSS PER SHARE OF $1.12
TO
$1.22
    * EXPRESS INC - SEES INVENTORY TO MOVE CLOSER TO PARITY WITH
SALES
TRENDS BY END OF YEAR
    * EXPRESS INC - SEES 2022 CAPITAL EXPENDITURES OF
APPROXIMATELY
$50 MILLION

Source text for Eikon:  ID:nBw5GH9hMa 
Further company coverage:  EXPR.N