Express Inc.

NYSE:EXPR   3:59:56 PM EDT
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Other Pre-Announcement

Express, Inc. Reports First Quarter 2021 Results

Published: 06/03/2021 10:56 GMT
Express Inc. (EXPR) - Express, Inc. Reports First Quarter 2021 Results.
Q1 Sales $346 Million Versus Refinitiv Ibes Estimate of $323.9 Million.
Q1 Same Store Sales Rose 5 Percent.
Q1 Loss per Share $0.70.
Q1 Earnings per Share Estimate $-0.58 -- Refinitiv Ibes Data (analyst estimates).
Q1 Ecommerce Demand Increased Over 40% Versus 2020, and Has Accelerated to Over 70% in Q2 of 2021 to Date.
Expects Positive Operating Cash Flow for Year Beginning in Q2 and Positive EBITDA in Q3 and Q4.
Qtrly Adjusted Loss per Share $0.55.
Sees Positive EBITDA for Q3 and Second Half of 2021.
Sees Sequential Comparable Sales Improvement Throughout 2021.