Express, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
November 30, 2023 at 06:45 am EST
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Express, Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was USD 454.06 million compared to USD 434.15 million a year ago. Net loss was USD 36.81 million compared to USD 34.45 million a year ago. Basic loss per share from continuing operations was USD 9.83 compared to USD 10.09 a year ago. Diluted loss per share from continuing operations was USD 9.83 compared to USD 10.09 a year ago.
For the nine months, sales was USD 1,272.66 million compared to USD 1,349.85 million a year ago. Net loss was USD 154.29 million compared to USD 39.33 million a year ago. Basic loss per share from continuing operations was USD 41.42 compared to USD 11.59 a year ago. Diluted loss per share from continuing operations was USD 41.42 compared to USD 11.59 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. 
