We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Express Inc | NYSE:EXPR | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.29 | 0 | 00:00:00 |
From Dec 2022 to Dec 2024
Second quarter 2023 net sales and diluted loss per share in the range of previously announced outlook
Reiterates plans to realize $120 million in annualized savings in 2024 and goal to deliver $200 million in annualized savings by 2025
Bolsters liquidity with new $65 million term loan
Fashion apparel retailer Express, Inc. (NYSE: EXPR), announced its financial results for the second quarter of 2023. These results, which cover the thirteen weeks ended July 29, 2023, are compared with the thirteen weeks ended July 30, 2022.
On August 30, 2023, the Company implemented a 1-for-20 reverse stock split. All shares of the Company’s common stock contained in its consolidated financial statements have been retroactively adjusted to reflect the reverse stock split, which decreased shares outstanding from 74.9 million to 3.7 million. As a result of the reduction in weighted average shares outstanding, the Company's previously announced second quarter 2023 diluted loss per share outlook of $0.50 to $0.60 was recast to $10.00 to $12.00. Second quarter 2023 diluted loss per share of $11.79 was within this range. Excluding certain restructuring charges, acquisition-related and integration costs and a non-cash impairment charge, second quarter 2023 adjusted diluted loss per share of $9.05 was favorable to this range.
"Second quarter net sales and diluted loss per share were within the ranges of our outlook and we are gaining momentum. In the Express brand, we drove significant, sequential improvement each month driven by a powerful trend change in our women’s and eCommerce businesses. This momentum continued through Labor Day," said Tim Baxter, Chief Executive Officer. "Bonobos sales also exceeded our expectations, delivered operating income accretive to our total and is positioned to be a growth engine for EXPR."
"We’ve also taken aggressive action to improve the bottom line. As a result of the ongoing comprehensive review of our entire expense structure, we have identified and implemented $80 million in savings in 2023, $120 million in 2024, and our commitment grows to $200 million by 2025. In addition to these substantial cost reductions, we’ve also secured a $65 million term loan, and expect to receive a $52 million CARES Act refund in the back half of the year, which bolsters our liquidity and allows us to continue to invest appropriately in our transformation," continued Baxter.
"We are transforming EXPR to create shareholder value and are focused on driving long term profitable growth and delivering positive free cash flow in our core Express business, leveraging our omnichannel platform to reduce costs, and accelerating our growth and profitability through our strategic partnership with WHP Global," concluded Baxter.
Second Quarter 2023 Operating Results
1 Adjusted operating income (loss), adjusted net income (loss), adjusted diluted earnings per share and EBITDA are non-GAAP financial measures. Please see Schedule 4 – Supplemental Information and the reconciliation contained therein for additional information concerning these non-GAAP financial measures.
Balance Sheet and Cash Flow Highlights
Expense Reduction Initiatives
The Company is continuing to conduct a comprehensive review of its business model to identify actions that are expected to meaningfully reduce pre-tax costs and enable a more efficient and effective organization and has engaged external advisors to assist in this effort. The Company has a stated goal to deliver over $200 million in annualized savings by 2025 versus 2022.
In May 2023, the Company announced it had identified and implemented $65 million of annualized cost reductions for fiscal 2023 versus fiscal 2022.
In August 2023, the Company announced an additional $15 million of savings for a total of $80 million in annualized cost reductions identified and implemented for fiscal 2023. Also in August 2023, the company announced and implemented a workforce reduction which is expected to generate approximately $30 million in annualized savings. The Company's outlook for the third quarter and full year 2023 includes the pro rata impact of that workforce reduction.
In addition, the Company announced that $120 million in annualized expense reductions for fiscal 2024 versus 2022 had been identified and implemented, which are inclusive of the savings effectuated for fiscal 2023. The Company is also aggressively pursuing at least $50 million in gross margin expansion opportunities by leveraging efficiencies in sourcing, production and the supply chain.
For additional background on the Company's expense reduction initiatives, please read the announcement press release here.
New Term Loan
On September 5, 2023, the Company entered into a definitive loan agreement with ReStore Capital for a $65 million first-in-last-out asset-based term loan, receiving $32.5 million in gross proceeds from the term loan upon entering into the agreement, with the remaining $32.5 million to be received on or before September 13, 2023. The term loan will bear interest at a variable rate based on the Secured Overnight Financing Rate (“SOFR”) plus an applicable margin of 10.00%. The term loan will mature on the earlier of (a) November 26, 2027 and (b) the date of termination of the commitments under the ABL Credit Agreement.
Kirkland & Ellis LLP served as legal advisor to the Company in connection with the loan transaction.
2023 Outlook
The Company’s full year outlook remains unchanged and takes into consideration the persistently challenging macroeconomic and retail apparel environments, including reduced consumer spending and increased price sensitivity in discretionary categories.
Third Quarter 2023
The Company expects the following for the third quarter of 2023 compared to the third quarter of 2022:
Full Year 2023
The Company's full year outlook remains unchanged and it expects the following for the full year of 2023 compared to the full year of 2022:
See Schedule 5 for a discussion of projected real estate activity.
Conference Call Information
A conference call to discuss second quarter 2023 results is scheduled for September 6, 2023 at 8:30 a.m. Eastern Time (ET). Investors and analysts interested in participating in the earnings call are invited to dial (888) 550-5723 approximately ten minutes prior to the start of the call. The conference call will also be webcast live at www.express.com/investor. A telephone replay of this call will be available beginning at 12:00 p.m. ET on September 6, 2023 until 11:59 p.m. ET on September 13, 2023, and can be accessed by dialing (800) 770-2030 and entering the replay pin number 1790468. In addition, an investor presentation of second quarter 2023 results will be available at www.express.com/investor at approximately 7:00 a.m. ET on September 6, 2023.
About EXPR
EXPR is a multi-brand fashion retailer whose portfolio includes Express, Bonobos and UpWest. The Company operates an omnichannel platform as well as physical and online stores. Grounded in a belief that style, quality and value should all be found in one place, Express is a brand with a purpose - We Create Confidence. We Inspire Self-Expression. - powered by a styling community. Bonobos is a menswear brand known for exceptional fit and an innovative retail model. UpWest is an apparel, accessories and home goods brand with a purpose to Provide Comfort for People & Planet.
The Company has 530 Express retail and Express factory outlet stores in the United States and Puerto Rico, the Express.com online store and the Express mobile app; 60 Bonobos Guideshop locations and the Bonobos.com online store; and 11 UpWest retail stores and the UpWest.com online store. EXPR is traded on the NYSE under the symbol EXPR. For more information about our Company, please visit www.express.com/investor and for more information about our brands, please visit www.express.com, www.bonobos.com or www.upwest.com.
Forward-Looking Statements
Certain statements are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that does not directly relate to any historical or current fact and include, but are not limited to (1) guidance and expectations, including statements regarding expected operating margins, comparable sales, effective tax rates, interest income, net income, diluted earnings per share, cash tax refunds, liquidity, EBITDA, free cash flow, eCommerce demand, and capital expenditures, (2) statements regarding expected store openings, store closures, store conversions, and gross square footage, (3) statements regarding the Company's strategy, plans, and initiatives, including, but not limited to, results expected from such strategy, plans, and initiatives, (4) statements regarding the Company’s workforce reduction and other cost reduction actions, including, but not limited to, charges associated with the workforce reduction and the financial benefits (and the timing of the realization of such benefits) expected from such actions, and (5) the anticipated benefits or effects of the Bonobos acquisition, including statements regarding operating results, financial efficiencies, operational synergies, and our plans, objectives, expectations and intentions related to the acquired assets. You can identify these forward-looking statements by the use of words in the future tense and statements accompanied by words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads” or the negative version of these words or other comparable words. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict, and significant contingencies, many of which are beyond the Company's control. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are (1) changes in consumer spending and general economic conditions; (2) the duration and severity of ongoing negative macroeconomic conditions caused by the COVID-19 pandemic and their future impact on our business operations, financial condition, liquidity and cash flow; (3) geopolitical risks, including impacts from the ongoing conflict between Russia and Ukraine and increased tensions between China and Taiwan; (4) our ability to operate our business efficiently, manage capital expenditures and costs, and obtain financing when required; (5) our ability to identify and respond to new and changing fashion trends, customer preferences, and other related factors including selling through inventory at an appropriate price; (6) fluctuations in our sales, results of operations, and cash levels on a seasonal basis and due to a variety of other factors, including our product offerings relative to customer demand, the mix of merchandise we sell, promotions, inventory levels, and sales mix between stores and eCommerce; (7) customer traffic at malls, shopping centers, and at our stores; (8) competition from other retailers; (9) our dependence on a strong brand image; (10) our ability to adapt to changing consumer behavior and develop and maintain a relevant and reliable omni-channel experience for our customers, including our efforts to optimize our omni-channel platform through our partnership with WHP Global; (11) the failure or breach of information systems upon which we rely; (12) our ability to protect customer data from fraud and theft; (13) our dependence upon third parties to manufacture all of our merchandise; (14) changes in the cost of raw materials, labor, and freight; (15) labor shortages and supply chain disruption; (16) our dependence upon key executive management; (17) our ability to execute our growth strategy, EXPRESSway Forward, including, but not limited to, engaging our customers and acquiring new ones, executing with precision to accelerate sales and profitability, creating great product and reinvigorating our brand; (18) our substantial lease obligations; (19) our reliance on third parties to provide us with certain key services for our business; (20) impairment charges on long-lived assets; (21) claims made against us resulting in litigation or changes in laws and regulations applicable to our business; (22) our inability to protect our trademarks or other intellectual property rights which may preclude the use of our trademarks or other intellectual property around the world; (23) restrictions imposed on us under the terms of our current credit facility, including asset based requirements related to inventory levels, ability to make additional borrowings, and restrictions on the ability to effect share repurchases; (24) our inability to maintain compliance with covenants in our current credit facility; (25) changes in tax requirements, results of tax audits, and other factors including timing of tax refund receipts, that may cause fluctuations in our effective tax rate; (26) changes in tariff rates; (27) natural disasters, extreme weather, public health issues, including pandemics, fire, acts of terrorism or war and other events that cause business interruption, (28) risks related to our strategic partnership with WHP Global; (29) our ability to realize the expected strategic and financial benefits of the Bonobos acquisition; (30) our failure to regain compliance with the continued listing requirements of the New York Stock Exchange, or any future failure to meet those requirements; and (31) the financial and other effects of our workforce reduction and other cost reduction actions, including our inability to realize the benefits from such actions within the anticipated timeframe. These factors should not be construed as exhaustive and should be read in conjunction with the additional information concerning these and other factors in Express, Inc.'s filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.
Schedule 1
Express, Inc.
Consolidated Balance Sheets
(In thousands)
(Unaudited)
July 29, 2023
January 28, 2023
July 30, 2022
ASSETS
Current Assets:
Cash and cash equivalents
$
58,581
$
65,612
$
37,667
Receivables, net
18,222
12,374
11,924
Income tax receivable
2,350
1,462
2,229
Inventories
415,810
365,649
346,229
Prepaid royalty
33,581
59,565
—
Prepaid rent
3,755
7,744
6,321
Other
24,554
21,998
22,628
Total current assets
556,853
534,404
426,998
Right of Use Asset, Net
544,873
505,350
546,259
Property and Equipment
1,013,097
1,019,577
989,088
Less: accumulated depreciation
(888,133
)
(886,193
)
(856,324
)
Property and equipment, net
124,964
133,384
132,764
Non-Current Income Tax Receivable
52,278
52,278
52,278
Equity Method Investment
166,210
166,106
—
Other Assets
6,855
6,803
4,656
TOTAL ASSETS
$
1,452,033
$
1,398,325
$
1,162,955
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Short-term lease liability
$
191,554
$
189,006
$
190,324
Accounts payable
232,353
191,386
166,378
Deferred royalty income
9,219
19,852
—
Deferred revenue
39,505
35,543
31,632
Short-term debt
—
—
4,500
Accrued expenses
123,687
105,803
106,087
Total current liabilities
596,318
541,590
498,921
Long-Term Lease Liability
429,557
406,448
456,661
Long-Term Debt
220,750
122,000
197,673
Other Long-Term Liabilities
19,492
20,718
10,213
Total Liabilities
1,266,117
1,090,756
1,163,468
Commitments and Contingencies
Total Stockholders’ Equity (Deficit)
185,916
307,569
(513
)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
1,452,033
$
1,398,325
$
1,162,955
Schedule 2
Express, Inc.
Consolidated Statements of Income
(In thousands, except per share amounts)
(Unaudited)
Thirteen Weeks Ended
Twenty-Six Weeks Ended
July 29, 2023
July 30, 2022
July 29, 2023
July 30, 2022
Net Sales
$
435,344
$
464,919
$
818,601
$
915,704
Cost of Goods Sold, Buying and Occupancy Costs
334,975
311,218
654,439
630,503
GROSS PROFIT
100,369
153,701
164,162
285,201
Operating Expenses (Income):
Selling, general, and administrative expenses
146,091
143,278
285,439
284,371
Royalty income
(6,193
)
—
(10,633
)
—
Other operating expense (income), net
42
11
(958
)
(479
)
TOTAL OPERATING EXPENSES
139,940
143,289
273,848
283,892
OPERATING (LOSS) INCOME
(39,571
)
10,412
(109,686
)
1,309
Interest Expense, Net
3,874
3,800
6,817
7,294
Other Income, Net
—
(676
)
—
(876
)
(LOSS) INCOME BEFORE INCOME TAXES
(43,445
)
7,288
(116,503
)
(5,109
)
Income Tax Expense (Benefit)
611
252
980
(231
)
NET (LOSS) INCOME
$
(44,056
)
$
7,036
$
(117,483
)
$
(4,878
)
EARNINGS PER SHARE:
Basic(1)
$
(11.79
)
$
2.06
$
(31.62
)
$
(1.44
)
Diluted(1)
$
(11.79
)
$
2.05
$
(31.62
)
$
(1.44
)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic(1)
3,737
3,408
3,715
3,384
Diluted(1)
3,737
3,437
3,715
3,384
1.
All share and per share amounts have been retrospectively adjusted to reflect the Company’s 1-for-20 reverse stock split which was effected after the close of market on August 30, 2023.
Schedule 3
Express, Inc.
Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Twenty-Six Weeks Ended
July 29, 2023
July 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
$
(117,483
)
$
(4,878
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
28,851
30,088
Loss on disposal of property and equipment
42
21
Impairment of property, equipment and lease assets
996
—
Share-based compensation
(3,810
)
5,013
Landlord allowance amortization
(154
)
(234
)
Changes in operating assets and liabilities:
Receivables, net
(3,777
)
(180
)
Income tax receivable
(888
)
(842
)
Prepaid royalty
25,984
—
Inventories
1,132
12,566
Deferred royalty income
(10,633
)
—
Accounts payable, deferred revenue, and accrued expenses
28,357
(76,673
)
Other assets and liabilities
(9,417
)
(25,690
)
NET CASH USED IN OPERATING ACTIVITIES
(60,800
)
(60,809
)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
(16,217
)
(13,494
)
Acquisition, net of cash acquired
(28,300
)
—
Costs related to WHP transaction
(104
)
—
NET CASH USED IN INVESTING ACTIVITIES
(44,621
)
(13,494
)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under the revolving credit facility
205,250
144,000
Repayment of borrowings under the revolving credit facility
(106,500
)
(69,000
)
Repayment of borrowings under the term loan facility
—
(2,250
)
Repurchase of common stock for tax withholding obligations
(360
)
(1,956
)
NET CASH PROVIDED BY FINANCING ACTIVITIES
98,390
70,794
NET DECREASE IN CASH AND CASH EQUIVALENTS
(7,031
)
(3,509
)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
65,612
41,176
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
58,581
$
37,667
Schedule 4
Express, Inc.
Supplemental Information - Consolidated Statements of Income
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited)
The Company supplements the reporting of its financial information determined under United States generally accepted accounting principles (GAAP) with certain non-GAAP financial measures: adjusted operating income (loss), adjusted net income (loss), adjusted diluted earnings per share and EBITDA. Management strongly encourages investors and stockholders to review the Company's financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
Adjusted Operating Income (Loss), Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share
Adjusted operating income (loss), adjusted net income (loss), and adjusted diluted earnings per share exclude the impact of certain items that the Company does not believe are directly related to its underlying operations.
How These Measures Are Useful
The Company believes that these non-GAAP measures provide additional useful information to assist stockholders in understanding its financial results and assessing its prospects for future performance. Management believes adjusted operating income (loss), adjusted net income (loss), and adjusted diluted earnings per share are important indicators of the Company's business performance because they exclude items that may not be indicative of, or are unrelated to, the Company's underlying operating results, and may provide a better baseline for analyzing trends in the business.
Limitations of the Usefulness of These Measures
Because non-GAAP financial measures are not standardized, adjusted operating income (loss), adjusted net income (loss), and adjusted diluted earnings per share may differ from similarly titled measures used by other companies due to different methods of calculation. These adjusted financial measures should not be considered in isolation or as a substitute for reported operating income (loss), net income (loss), or diluted earnings per share. These non-GAAP financial measures reflect an additional way of viewing the Company's operations that, when viewed together with the GAAP results, provide a more complete understanding of the Company's business. A reconciliation of adjusted operating income (loss), adjusted net income (loss) and adjusted diluted earnings per share to the most directly comparable GAAP measure is set forth below:
Thirteen Weeks Ended July 29, 2023
(in thousands, except per share amounts)
Operating Loss
Income Tax Impact(a)
Net Loss
Diluted Earnings per Share
Weighted Average Diluted Shares Outstanding(e)
Reported GAAP Measure
$
(39,571
)
$
(44,056
)
$
(11.79
)
3,737
Impact of restructuring(b)
4,658
—
4,658
1.25
Acquisition-related and integration costs(c)
4,595
—
4,595
1.23
Impairment of property, equipment and lease assets(d)
996
—
996
0.27
Adjusted Non-GAAP Measure
$
(29,322
)
$
(33,807
)
$
(9.05
)
a.
Items tax effected at the applicable deferred or statutory rate offset by the recording of a non-cash valuation allowance.
b.
Represents restructuring charges primarily related to employee severance and benefits of which $2.7 million was recorded in cost of goods sold, buying and occupancy costs and $2.0 million was recorded in selling, general and administrative expenses in the unaudited Consolidated Statements of Income and Comprehensive Income.
c.
Represents acquisition-related and integration costs incurred in connection with the acquisition of Bonobos, which were recorded in selling, general and administrative expenses in the unaudited Consolidated Statements of Income and Comprehensive Income.
d.
Represents a non-cash impairment charge taken against certain long-lived store related assets and right of use assets, which was recorded in cost of goods sold, buying and occupancy costs in the unaudited Consolidated Statements of Income and Comprehensive Income.
e.
Share amount has been retrospectively adjusted to reflect the Company’s 1-for-20 reverse stock split which was effected after the close of market on August 30, 2023.
Twenty-Six Weeks Ended July 29, 2023
(in thousands, except per share amounts)
Operating Loss
Income Tax Impact(a)
Net Loss
Diluted Earnings per Share
Weighted Average Diluted Shares Outstanding(e)
Reported GAAP Measure
$
(109,686
)
$
(117,483
)
$
(31.62
)
3,715
Impact of restructuring(b)
4,658
—
4,658
1.25
Acquisition-related and integration costs(c)
4,595
—
4,595
1.24
Impairment of property, equipment and lease assets(d)
996
—
996
0.27
Adjusted Non-GAAP Measure
$
(99,437
)
$
(107,234
)
$
(28.87
)
a.
Items tax effected at the applicable deferred or statutory rate offset by the recording of a non-cash valuation allowance.
b.
Represents restructuring charges primarily related to employee severance and benefits of which $2.7 million was recorded in cost of goods sold, buying and occupancy costs and $2.0 million was recorded in selling, general and administrative expenses in the unaudited Consolidated Statements of Income and Comprehensive Income.
c.
Represents acquisition-related and integration costs incurred in connection with the acquisition of Bonobos, which were recorded in selling, general and administrative expenses in the unaudited Consolidated Statements of Income and Comprehensive Income.
d.
Represents a non-cash impairment charge taken against certain long-lived store related assets and right of use assets, which was recorded in cost of goods sold, buying and occupancy costs in the unaudited Consolidated Statements of Income and Comprehensive Income.
e.
Share amount has been retrospectively adjusted to reflect the Company’s 1-for-20 reverse stock split which was effected after the close of market on August 30, 2023.
EBITDAEBITDA is defined as net income (loss) before interest expense (net of interest income), income tax expense and depreciation and amortization expense.
How This Measure Is Useful
When used in conjunction with GAAP financial measures, EBITDA is a supplemental measure of operating performance that the Company believes is a useful measure to facilitate comparisons to historical performance. EBITDA is used as a performance measure in the Company's long-term executive compensation program for purposes of determining the number of equity awards that are ultimately earned and is also a metric used in our short-term cash incentive compensation plan.
Limitations of the Usefulness of This Measure
Because non-GAAP financial measures are not standardized, EBITDA may differ from similarly titled measures used by other companies due to different methods of calculation. Presentation of EBITDA is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Therefore, this measure may not provide a complete understanding of the Company's performance and should be reviewed in conjunction with the GAAP financial measures. A reconciliation of EBITDA to the most directly comparable GAAP measures, is set forth below:
Thirteen Weeks Ended
Twenty-Six Weeks Ended
(in thousands)
July 29, 2023
July 30, 2022
July 29, 2023
July 30, 2022
Net (loss) income
$
(44,056
)
$
7,036
$
(117,483
)
$
(4,878
)
Interest expense, net
3,874
3,800
6,817
7,294
Income tax expense (benefit)
611
252
980
(231
)
Depreciation and amortization
14,875
14,477
29,121
29,213
EBITDA (Non-GAAP Measure)
$
(24,696
)
$
25,565
$
(80,565
)
$
31,398
Schedule 5
Express, Inc.
Real Estate Activity
(Unaudited)
Second Quarter 2023 - Actual
July 29, 2023 - Actual
Company-Operated Stores
Opened
Closed
Store Count
Gross Square Footage
Retail Stores
—
(2)
325
Outlet Stores
—
(1)
194
Express Edit Stores
1
—
11
UpWest Stores
1
(3)
11
Bonobos Guideshops
—
—
60
TOTAL
2
(6)
601
4.6 million
Third Quarter 2023 - Projected
October 28, 2023 - Projected
Company-Operated Stores
Opened
Closed
Store Count
Gross Square Footage
Retail Stores
—
—
325
Outlet Stores
1
(1)
194
Express Edit Stores
—
—
11
UpWest Stores
2
—
13
Bonobos Guideshops
—
—
60
TOTAL
3
(1)
603
4.6 million
Full Year 2023 - Projected
February 3, 2024 - Projected
Company-Operated Stores
Opened
Closed
Store Count
Gross Square Footage
Retail Stores
—
(10)
322
Outlet Stores
1
(5)
194
Express Edit Stores
1
—
11
UpWest Stores
3
(4)
12
Bonobos Guideshops
—
(2)
60
TOTAL
5
(21)
599
4.5 million
View source version on businesswire.com: https://www.businesswire.com/news/home/20230905218567/en/
INVESTOR CONTACT Greg Johnson VP, Investor Relations gjohnson@express.com (614) 474-4890
1 Year Express Chart |
1 Month Express Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
