** charts before earnings **
** charts after earnings **
Express beats by $0.04, reports revs in-line; guides Q1 EPS below consensus
- Reports Q4 (Jan) earnings of $0.19 per share, excluding costs related to the CEO departure and impairment of our Homage investment, $0.04 better than the S&P Capital IQ Consensus of $0.15; revenues fell 10.2% year/year to $628.4 mln vs the $629.63 mln S&P Capital IQ Consensus.
- Comparable sales (including e-commerce sales) decreased 6%, compared to a 1% decrease in the fourth quarter of 2017.
- Co issues downside guidance for Q1, sees EPS of ($0.34)-($0.27) vs. ($0.05) S&P Capital IQ Consensus.
- Q1 Comparable Sales expected to be (9%) to (11%)
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