Express, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2023
September 06, 2023 at 06:30 am EDT
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Express, Inc. reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was USD 435.34 million compared to USD 464.92 million a year ago. Net loss was USD 44.06 million compared to net income of USD 7.04 million a year ago. Basic loss per share from continuing operations was USD 11.79 compared to basic earnings per share from continuing operations of USD 2.06 a year ago. Diluted loss per share from continuing operations was USD 11.79 compared to diluted earnings per share from continuing operations of USD 2.05 a year ago.
For the six months, sales was USD 818.6 million compared to USD 915.7 million a year ago. Net loss was USD 117.48 million compared to USD 4.88 million a year ago. Basic loss per share from continuing operations was USD 31.62 compared to USD 1.44 a year ago. Diluted loss per share from continuing operations was USD 31.62 compared to USD 1.44 a year ago.
Express, Inc. is a multi-brand fashion retailer. The Companyâs business includes an omnichannel operating platform, physical and online stores, and a multi-brand portfolio that includes Express and Bonobos. The Company operates approximately 435 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 approximately 60 Bonobos Guideshop locations and the Bonobos.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. It 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.
EXPRESS, INC. 
