Express Inc. Updates Q4 & Full Year Guidance - Quick Facts

(RTTNews) - Express Inc. (EXPR) announced the company has updated its outlook for the fourth quarter and full year 2014, based on its performance during the holiday season and expectations for the balance of the period.

For the fourth-quarter, the company expects comparable sales to decline 3% to 4% compared to the previous guidance of a mid to high single digit decline. Net income is currently expected to range from $36.5 to $39 million, or $0.43 to $0.46 per share. This compares to previous guidance of $32 to $38 million, or $0.38 to $0.45 per share.

For the full year, the company expects comparable sales to decline in the mid-single digit range, compared to the previous guidance of a mid to high single digit decline. Net income is now estimated at $63 to $66 million, or $0.74 to $0.77 per share. This compares to the previous expectation of $59 to $65 million, or $0.69 to $0.76 per share.