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 (NYSE: EXPR) has announced a one-year partnership with Big Brothers Big Sisters of America through its Dream Big Project. The initiative aims to raise $1 million and 100,000 volunteer hours to support the Big Futures program, which assists young people transitioning into adulthood. Cheslie Kryst, former Miss USA, will serve as the ambassador for this partnership. Express plans to contribute $300,000 directly, raise an additional $500,000 through donations, and offer $200,000 in gift cards as part of this initiative.
Express, Inc. (NYSE: EXPR) announced its participation in the Goldman Sachs 28th Annual Global Retailing Conference on September 10, 2021, at 2:30 p.m. ET. CEO Tim Baxter and the Executive Leadership Team will engage in a live webcast fireside chat, which will be available for replay on their investor website. Express operates over 500 stores across the U.S. and Puerto Rico, focusing on versatile apparel that inspires confidence and self-expression. For further details, visit www.express.com/investor.
Express, Inc. (NYSE: EXPR) will present a virtual investor event today at 11 a.m. ET, featuring insights on its EXPRESSway Forward strategy. CEO Tim Baxter highlighted the company's strong second quarter results, underscoring plans to achieve over $100 million in operating profit by 2024. Baxter emphasized the momentum of the corporate strategy and transformation efforts. The event will include a live Q&A session and will be available for replay afterwards. For more details, visit the Investor Relations section of their website.
Express, Inc. (NYSE: EXPR) reported strong second quarter 2021 results, with net sales reaching $458 million, an 86% increase from 2020. Consolidated comparable sales rose 42% year-over-year, with a 3% increase compared to 2019. The company experienced significant eCommerce growth, up 28% versus 2020. Positive EBITDA of $31 million and net income of $10.6 million marked a turnaround from previous losses. Improved outlook for the second half of 2021 anticipates net sales above 2019 levels and a focus on achieving $1 billion in eCommerce demand by 2024.
Express, Inc. (NYSE: EXPR) is set to report its second quarter 2021 financial results on August 25, 2021, at 9:00 a.m. ET, followed by a conference call hosted by CEO Tim Baxter and CFO Perry Pericleous. A Virtual Investor Event is scheduled for August 26, 2021, at 11:00 a.m. ET, where the leadership team will discuss the Expressway Forward Strategy and future growth plans. Investors can access the earnings call via phone or live webcast, and a replay will be available post-event.
Express, Inc. (NYSE: EXPR) has launched Express Community Commerce, a pioneering social commerce platform for fashion enthusiasts. This initiative aims to enhance customer engagement and support entrepreneurial style experts known as Express Style Editors, who can earn commissions on exclusive seasonal collections. Currently in pilot phase, the program is set to roll out nationwide in fall 2023, aligning with the company's goal of achieving $1 billion in e-commerce sales by 2024. The launch follows a successful influencer marketing strategy and will be further elaborated at the upcoming Investor Day in August.
Express, Inc. (NYSE: EXPR) will present at the Jefferies Global Consumer Conference on June 22, 2021, at 9:10 a.m. Eastern Time. CEO Tim Baxter will engage in a fireside chat, which will be webcast live and available for replay for 90 days. Express operates over 500 retail and factory outlet stores in the U.S. and Puerto Rico and offers a versatile apparel and accessories range. The company emphasizes style, quality, and value, aiming to inspire confidence and self-expression.
Express, Inc. (NYSE:EXPR) has filed a prospectus supplement with the SEC for an at-the-market (ATM) offering of up to 15 million shares of its common stock. The funds from this offering will be allocated for general corporate purposes, including enhancing its eCommerce capabilities, repaying debts, and other investments. BofA Securities, Inc. will act as the sales agent for this offering. Potential investors are encouraged to review the prospectus and related documents for comprehensive information and associated risks.
Express, Inc. (NYSE: EXPR) reported first-quarter 2021 results, showing a 64% increase in consolidated net sales to $345.8 million, with a 5% rise in comparable sales. The operating loss improved to $40.6 million from $145.3 million a year ago. Gross margin rose to 22.8%, while SG&A expenses dropped to 34.5% of net sales. The net loss stood at $45.7 million, with an adjusted loss of $35.7 million. The company anticipates positive EBITDA and operating cash flow starting in Q2 2021, along with a long-term goal of $1 billion in eCommerce demand by 2024.
Express, Inc. (NYSE: EXPR) announced a conference call on June 3, 2021, at 9:00 a.m. ET to discuss its first quarter 2021 results. The call will be hosted by CEO Tim Baxter and CFO Perry Pericleous. Prior to the call, a press release detailing the financial results will be issued that morning. Investors can join the call by dialing (877) 683-0508 or accessing the live webcast available for 90 days post-event. An investor presentation will also be made available at approximately 7:00 a.m. ET on the same day.
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