Express Expects Q3 Net Sales Of $460M-$490M, Including $50M In Bonobos Net Sales (Est. $495.72M); EPS Of $(5.50)-$(7.50) (Est. $(6.19))
Portfolio Pulse from Benzinga Newsdesk
Express Inc. anticipates Q3 net sales to be between $460M and $490M, including $50M in Bonobos net sales. This is lower than the estimated $495.72M. The company also expects an EPS of $(5.50) to $(7.50), which is in line with the estimated $(6.19).
September 06, 2023 | 10:39 am
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NEGATIVE IMPACT
Express Inc.'s Q3 net sales forecast is lower than estimated, which could negatively impact the stock price. However, the expected EPS is in line with estimates.
Lower than expected sales can lead to a decrease in the stock price as it indicates weaker financial performance. However, the EPS being in line with estimates might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100