Welcome to our dedicated page for EXPRESS news (Ticker: EXPR), a resource for investors and traders seeking the latest updates and insights on EXPRESS stock.
EXPRESS, Inc. (symbol: EXPR) is a well-established fashion brand with over three decades of experience in the industry. Catering to both men and women aged 20 to 30, EXPRESS offers a broad array of stylish options for various lifestyle occasions—including casual wear, jeans, work attire, and evening wear. The company's commitment to providing a distinct blend of fashion-forward designs and high-quality products at attractive prices has cemented its position as a go-to fashion retailer.
EXPRESS operates more than 600 retail and outlet stores across the United States, Canada, Latin America, and the Middle East. These stores are strategically located in high-traffic shopping malls, lifestyle centers, and on popular street locations, ensuring maximum customer engagement. The company employs over 16,000 associates who are dedicated to delivering exceptional customer service and maintaining the brand's image.
In addition to its physical stores, EXPRESS also has a strong online presence through its e-commerce website, express.com. This platform allows customers to shop the latest styles from the comfort of their homes, making it convenient to stay updated with new arrivals and exclusive offers.
Recently, EXPRESS has been focusing on expanding its product lines and enhancing the shopping experience both in-store and online. The company has formed strategic partnerships to introduce new collections and has invested in technology to improve its supply chain and customer service operations. Financially, EXPRESS has shown resilience with steady revenue streams, even amidst market fluctuations.
With a rich history of innovation and a forward-thinking approach, EXPRESS continues to make significant strides in the fashion industry. The company's ongoing projects and recent achievements reflect its commitment to growth and excellence.
Express, Inc. (NYSE: EXPR) reported strong fourth quarter results, with net sales increasing by 38% to $594.9 million, and consolidated comparable sales up 43% compared to 2020. The company achieved a gross margin of 29.2%, a significant improvement from 16.6% the previous year. Full-year EBITDA reached $65 million, with operating income of $10 million in Q4. Looking ahead, Express expects a 25%-30% increase in comparable sales for Q1 2022 and 7%-9% for the full year, alongside ongoing supply chain challenges.
Express, Inc. (NYSE: EXPR) will participate in the UBS Global Consumer and Retail Conference on March 10, 2022, at 8:00 a.m. Eastern Time. CEO Tim Baxter and COO Matt Moellering will engage in a live webcast fireside chat, available for replay at www.express.com/investor. Express operates over 550 retail and outlet stores in the U.S. and Puerto Rico, offering a versatile apparel and accessories brand focused on creating confidence and inspiring self-expression.
Express, Inc. (NYSE: EXPR) will announce its fourth quarter and full year 2021 financial results on March 9, 2022, at 9:00 a.m. ET. The earnings call will be hosted by CEO Tim Baxter and COO Matt Moellering. Investors can join by calling (888) 550-5723 or via a live webcast at express.com/investor. A replay will be available from March 9 at 12:00 p.m. ET until March 16 at 11:59 p.m. ET. An investor presentation will also be released on the same date at approximately 7:00 a.m. ET.
Express, Inc. (NYSE: EXPR) has appointed Patricia E. Lopez as a Class II director, effective immediately. With nearly 40 years of experience, Lopez previously served as CEO of High Ridge Brands and held key roles at Procter & Gamble, Avon, and Estée Lauder. Her expertise in marketing and operations is expected to enhance Express's strategic direction under the "EXPRESSway Forward" initiative. Chairman Mylle H. Mangum and CEO Tim Baxter expressed confidence in Lopez’s ability to contribute positively to the company's growth and brand development.
Express, Inc. (NYSE: EXPR) reported a strong financial performance for Q3 2021, with net sales increasing by 47% to $472 million compared to Q3 2020. Comparable sales rose 46% year-over-year, and eCommerce demand grew 26%. The company posted net income of $13 million or $0.19 per diluted share, marking a significant improvement from losses in previous years. Operating cash flow totaled $78 million for the first nine months, improving $330 million year-over-year. Looking ahead, Express aims for low-single digit comparable sales growth in Q4 and a gross margin increase of approximately 100 basis points.
The Board of Directors of Express (NYSE: EXPR) has appointed Antonio J. Lucio as a Class III director, effective immediately. Lucio, 61, is the Founder of 5S Diversity and holds experience from past roles at Facebook, HP, and Visa. His marketing expertise and commitment to diversity are expected to enhance Express's leadership, particularly in advancing its Diversity, Equity & Inclusion initiatives. Chairman Mylle H. Mangum and CEO Tim Baxter expressed optimism about his strategic insights and contributions.
Express, Inc. (NYSE: EXPR) will release its third quarter 2021 financial results on December 2, 2021, at 9:00 a.m. ET. The earnings call will be hosted by CEO Tim Baxter and COO Matt Moellering. Interested participants can join by calling (877) 683-0508. A replay will be available from 12:00 p.m. ET on December 2 until 11:59 p.m. ET on December 9. An investor presentation will be available on their website from 7:00 a.m. ET on the same day.
Express, Inc. (NYSE: EXPR) announces the national rollout of its Community Commerce program, enhancing its engagement with fashion enthusiasts. Launched in July 2021, the program will be led by Rachel Zoe, who becomes the Lead Style Editor. This initiative allows style experts to earn commission through curated collections via a dedicated app, while receiving mentorship and guidance. The program aims to help Express achieve $1 billion in e-Commerce demand by 2024, fostering a community that empowers self-expression through fashion.
Express, Inc. (NYSE: EXPR) announced the departure of Senior VP and CFO Perry Pericleous, effective November 12, 2021, to pursue another opportunity. The company is actively searching for a new CFO, with President and COO Matthew Moellering stepping in as Acting CFO during the transition period. Moellering, who has extensive experience with the company, aims to ensure continuity in leadership. CEO Tim Baxter acknowledged Pericleous’ contributions, particularly in enhancing the company's liquidity during the pandemic.
Express, Inc. (NYSE: EXPR) announced its participation in the virtual Shareholder Equity Conference on September 27, 2021, at 3:30 p.m. ET. This format allows retail investors to engage with management through questions. A livestream will be available on the conference's website, and an archived replay will be accessible for 90 days post-event. Express operates over 500 retail locations, aiming to deliver style, quality, and value to its customers. For more information, visit www.express.com.
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