Sector: Consumer Cyclicals | Industry: Apparel & Accessories Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 Express Dr COLUMBUS OH 43230-1496 |
Tel: | N/A |
Website: | www.express.com |
IR: | See website |
Key People | ||
Stewart F. Glendinning Chief Executive Officer, Director | Mark Still Interim Chief Financial Officer, Senior Vice President - Brand Finance and Planning & Allocation, Treasurer | Sara Tervo Executive Vice President, Chief Marketing Officer |
Business Overview |
Express, Inc. is a fashion retail company. The Company's business includes an omnichannel operating platform, physical and online stores, and a multi-brand portfolio that includes Express and UpWest. The Company operates approximately 540 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, the express.com online store and the Express mobile app, and 13 UpWest retail stores and the UpWest.com online store. It sells its products through its online store, www.express.com, its mobile app, as well as through franchisees who operate Express locations in Latin America. The Company also sells gift cards in its stores, on its e-commerce Website, and through third parties. It utilizes two facilities for the distribution of its products, both of which are owned and operated by third parties. Virtually all the merchandise sold in its stores and on its Website is received and processed at a central distribution facility in Columbus, Ohio. |
Financial Overview |
For the 39 weeks ended 28 October 2023, Express Inc revenues decreased 6% to $1.27B. Net loss increased from $39.3M to $154.3M. Revenues reflect Apparel segment decrease of 5% to $1.15B, Comparable Store Sales (Growth- %) decrease from 10.7 to -15.7%, Retail Sales-outlet decrease of 17% to $304.3M. Higher net loss reflects Merchandise Margins, Total - % decrease of 29% to 21.3%, OTHER (INCOME) EXPENSE. |
Employees: | 11,000 as of Jan 28, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $242.91M as of Oct 28, 2023 |
Annual revenue (TTM): | $1,787M as of Oct 28, 2023 |
EBITDA (TTM): | -$112.23M as of Oct 28, 2023 |
Net annual income (TTM): | $178.87M as of Oct 28, 2023 |
Free cash flow (TTM): | -$238.90M as of Oct 28, 2023 |
Net Debt Last Fiscal Year: | $240.03M as of Oct 28, 2023 |
Shares outstanding: | 3,746,258 as of Dec 5, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |