Express Remains A Mess
Earnings have been a mixed bag for retailers this year, but it seems mall retailer Express always knows how to make a mess. Let’s see what the company did this time… 🙄
Its adjusted loss per share of $9.83 was worse than the $7.18 expected, while revenues of $454.1 million came in shy of the $471.2 million consensus estimate. Executives don’t expect the sales picture to improve, forecasting fourth-quarter revenues of $565 to $590 million. That’s well below the $633 million Wall Street anticipated.Â