Express Group'S Two Quarter Profit Fell 59% To Raise Annual Expectations
group
At the same time, the interval of annual earnings per share was raised from the previous 0.74-0.90 US dollar to 0.85-0.95 US dollars, exceeding the market expected 0.81 US dollars.
News stimulated Express Inc. (NYSE:EXPR) shares rose by 16% to 16.95 dollars on Wednesday.
The two quarter
The total net sales amounted to $481 million 400 thousand, higher than the market forecast of US $464 million, a year-on-year decrease of 1.8%, and the same store sales also fell by 5% on a year-on-year basis. The gross margin fell by 280 basis points to 28.3%.
The Group expects that the current three quarter earnings per share will be in the range of US $0.13-0.18, which is in line with market expectations of US $0.16.
Express Inc. (NYSE:EXPR) represents the acquisition intention of Sycamore Partners, a private equity fund company holding 9.9% of the group's shares.
group
Share repurchase and debt refinancing were not carried out in the two quarter.
- Related reading
Clothing Industry Semi Annual Report Fujian Sports Brand Performance Significantly Warmer
|Economic Operation Analysis Of Printing And Dyeing Industry In The First Half Of 2014
|As Of August 21, 2014, The Total Inventory Of Clothing Brands Was Nearly 60 Billion.
|- City Express | Deep Foundation: Deputy Secretary Of The Municipal Party Committee And Mayor Chang Shuming In Samsung Clothing Research
- News Republic | Samsung Garment As A Practical Training Base For College Students, Does Not Forget To Take The Initiative To Provide Internship Opportunities For Graduates.
- brand building | Remember The Mission Of Jinzhong City People'S Congress To The Samsung Garment Expansion Project Base Research
- Dress culture | Non Heritage Culture: General Tiger Appeared In The 2019 "ABC Cup", The First Jinzhong City Vocational Skills Competition.
- Dress culture | The Inheritance And Development Of The Handicraft Skills Of The Heritage Culture "General Tiger" Won The Entrepreneurial Award.
- Company news | Devotees Of The Great Parade: Shanxi Bing Juan Garment Co., Ltd. Successfully Completed The National Day Military Parade Production Task.
- Fashion brand | G-SHOCK (CASIO) X CONVERSE TOKYO New Joint List Will Be Landed Next Month.
- Fashion brand | Chao Card 424 X Arsenal (A Senna) Joint Gentlemen Clothing Series Released
- Fabric accessories | Leading The New Trend Of Wool Industry, The Eighteenth "Weaving Trade Fair" Will Be Held In November.
- Fashion blog | The Main Trend Of Autumn And Winter Is Western-Style Clothes, Loose Trousers, Big Shoulder Suits And Retro Costumes.
- Herm E S Hermes Designer Will Leave Or Lead To Industry Shock.
- Ports Baozhong Profits Fell 61% In The First Half, A Total Reduction Of 25 Stores
- Ferragamo Interim Profit Fell 5.5%, Revenue 82 Million 17 Thousand Euros
- A&F's Two Quarter Revenue Is Expected To Reduce Annual Sales Target.
- Hayley Baldwin Endorsement Of French Connection Autumn Winter Series
- Fast Fashion ZARA And So On "Shopping" Two Or Three Line City Chen Li Shi Became A Hot Commodity.
- Arc 'Teryx Became The Official Clothing Sponsor Of The Canadian Association Of British Columbia.
- “求应杯”第七届中国策划大会首次在内地新余举行
- Analysis: Fashion Designer'S Ideal And Goal
- The Labor Law Has Been Promulgated For 20 Years To Create An Environment For Employment According To Law.