- Express Inc ( NYSE: EXPR ) said Monday it expects loss per share between $1.18 to $1.22 and comparable sales to be flat in 2022.
- The loss per share forecast excludes impact of $260 million in proceeds from WHP partnership expected to close January 2023, the company said.
- The Seeking Alpha consensus for 2022 EPS is -$1.20.
- “Reduced spending in discretionary categories and an increased appetite for deep discounts continued into the fourth quarter which negatively impacted our business," the company said in a statement.
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Express expects flat comp sales, provides 2022 outlook