** charts before earnings **
** charts after earnings **
Express beats by $0.01, beats on revs; Q3 comps flat; guides Q4 EPS below consensus; sees Q4 comps declining 5-7%; approves $150 mln share repurchase program
- Reports Q3 (Oct) earnings of $0.11 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.10; revenues rose 2.3% year/year to $515 mln vs the $505.46 mln S&P Capital IQ Consensus.
- Q3 Comparable sales (including e-commerce sales) were 0%, compared to a 1% decrease in the third quarter of 2017.
- On November 28, 2017, the Company's Board of Directors approved a new share repurchase program that authorized the Company to repurchase up to $150 million of the Company's outstanding common stock using available cash.
- Co issues downside guidance for Q4, sees EPS of $0.11-0.20 vs. $0.31 S&P Capital IQ Consensus. Co sees Q4 comps decline of 5-7%.
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