Express, Inc. Q4 Net Income Rises; Introduces Q1 & 2016 Outlook

(RTTNews) - Express, Inc. (EXPR), a specialty retail apparel company, reported fourth-quarter net income of $56.1 million, or $0.67 per share compared to $41.8 million, or $0.49 per share, in the fourth quarter of 2014. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 5% to $765.6 million from $725.8 million in the fourth quarter of 2014. Analysts expected revenue of $769.34 million for the quarter. Comparable sales including e-commerce sales increased 4%. E-commerce sales rose 8% to $156.3 million.

For the first quarter of 2016, the company expects: earnings per share of $0.16 to $0.19; and adjusted EPS of $0.25 to $0.28. Analysts expect the company to report earnings per share of $0.26.

For full year 2016, the company expects: earnings per share of $1.47 to $1.62; and adjusted EPS of $1.56 to $1.71. Analysts expect the company to report earnings per share of $1.58.