Express Downgrades Third Quarter Earnings Forecast
Beijing time October 2nd evening news, the United States clothing Retailer Express Inc (EXPR) lowered its third quarter earnings target to below market expectations on Tuesday, mainly considering the impact of the decline in passenger traffic in September and the large discount promotions.
Express CEO Michael Weiss (Michael Weiss) said that the company experienced a sharp change in passenger traffic last month and stepped up its sales promotion efforts. He said the trend of passenger traffic improved last week.
The company will be by the end of October Third quarter Earnings per share are expected to drop to 16-20 cents from the previous 27-32 cents, less than the average 29 cents of analysts surveyed by FactSet.
The company's current sales in the third quarter will drop in the number of units, rather than the expected flat or low unit growth.
The company plans to release its third quarter earnings and full year earnings forecasts in November 26th.
- Related reading
- Pregnant baby | Tmall International Change Rules: Merchants Will Deduct 48 Points.
- Pregnant baby | Smith Barney'S Profit Margin In 2018 Increased By 113.24%
- Daily headlines | How Did The Printing And Dyeing Enterprises Reduce Their Cost And Efficiency? The Four New Printing And Dyeing Company Will Accurately Control The Pulse.
- Daily headlines | Good Or Limited? The New Policy Of Reducing Taxes And Lowering Fees Has Been Put Into Effect.
- Daily headlines | 2019 (Twenty-Seventh) Statistics On China'S Commodity Sales Show That What Are The New Features Of Clothing Consumption?
- Daily headlines | Guo Chao Feng, Live Hot... What Will Be The Trend Of Garment Industry This Year?
- Daily headlines | Cotton Growers Are Busy! Cotton Prices Rise And Fall In The Long Run.
- Daily headlines | China Textile City Spring City Marketing Continued To Rise Slightly, Price Index Rose Slightly.
- Instant news | Ending The Seven Year Long Run, Jordan Sports To Realize The Dream Of Listing.
- Instant news | There Is Still A Long Way To Go For The High Inventory Problem Of Garment Enterprises.
- Classic Old Valentino And Alexander Mcqueen Attract Much Attention.
- SHIATZY Chen Released The Ninth Season In Paris Fashion Week.
- Chanel Designer Carle Prepares For Global Warming
- Why Don'T C And Line Herm Invite Chinese Stars In Paris Fashion Week?
- Implementation Of Penetration Strategy In Garment Enterprises: First Look At The Core And Then Look At External Factors.
- The Textile And Garment Industry In Hongkong Is Pforming Into The Fashion Industry.
- The Opening Of The Sixteenth Ningbo Fair Will Promote The Development Of Enterprises
- 參加婚禮如何裝扮 “不會穿衣”是國人的“通病” ？
- Textile Safety Concerns And Upgrading Of Garment Export Pressure
- Lining: To Be A Sports, Professional Sports Brand In China.