EXPR · Express, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $454.06M | $435.34M | $383.26M | $434.14M | $464.92M | $450.79M | $471.98M | $457.63M | $345.76M |
| Cost of Revenue | - | $344.55M | $334.98M | $319.46M | $313.53M | $311.22M | $319.29M | $315.17M | $308.32M | $266.95M |
| Gross Profit | - | $109.52M | $100.37M | $63.79M | $120.62M | $153.70M | $131.50M | $156.81M | $149.31M | $78.80M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $143.65M | $146.09M | $139.35M | $150.09M | $143.28M | $141.09M | $141.06M | $134.56M | $119.39M |
| Total Operating Expenses | - | $138.26M | $139.94M | $133.91M | $150.13M | $143.29M | $140.60M | $140.55M | $134.53M | $119.36M |
| D&A | - | - | - | $14.40M | - | - | $15.17M | - | - | $18.50M |
| Operating Income | - | ($28.74M) | ($39.57M) | ($70.11M) | ($29.51M) | $10.41M | ($9.10M) | $16.25M | $14.78M | ($40.56M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $1.90M | $611.0K | $369.0K | $780.0K | $252.0K | ($483.0K) | $289.0K | $22.0K | ($84.0K) |
| Net Income | - | ($36.81M) | ($44.06M) | ($73.43M) | ($34.45M) | $7.04M | ($11.91M) | $13.09M | $10.64M | ($45.72M) |
| EPS - Basic | - | ($9.83) | ($11.79) | ($0.99) | ($0.50) | $0.10 | ($0.18) | $0.20 | $0.16 | ($0.70) |
| EPS - Diluted | - | ($9.83) | ($11.79) | ($0.99) | ($0.50) | $0.10 | ($0.18) | $0.19 | $0.15 | ($0.70) |
Balance Sheet
| Line item | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.18M | $34.64M | $58.58M | $34.09M | $24.59M | $37.67M | $37.14M | $36.80M | $33.85M | $84.07M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $369.90M | $480.87M | $415.81M | $346.96M | $422.67M | $346.23M | $371.25M | $383.59M | $266.59M | $264.49M |
| Accounts Payable | $216.49M | $263.22M | $232.35M | $162.37M | $229.66M | $166.38M | $181.32M | $252.75M | $156.90M | $159.01M |
| Current Assets | $464.90M | $598.88M | $556.85M | $477.84M | $497.52M | $427.00M | $448.65M | $511.54M | $384.11M | $482.35M |
| Total Assets | $1.29B | $1.47B | $1.45B | $1.35B | $1.22B | $1.16B | $1.23B | $1.32B | $1.25B | $1.41B |
| Current Liabilities | $564.09M | $613.07M | $596.32M | $510.21M | $575.97M | $498.92M | $525.24M | $624.23M | $520.05M | $552.44M |
| Long-term Debt | $199.97M | $270.51M | $220.75M | $122.00M | $230.86M | $197.67M | $203.48M | $108.39M | $109.21M | $190.03M |
| Total Liabilities | $1.20B | $1.32B | $1.27B | $1.12B | $1.25B | $1.16B | $1.24B | $1.33B | $1.27B | $1.44B |
| Stockholders' Equity | $93.77M | $147.96M | $185.92M | $235.66M | ($32.40M) | ($513.0K) | ($10.10M) | ($8.17M) | ($23.49M) | ($35.68M) |
| Retained Earnings | $130.75M | $185.12M | $222.44M | $269.81M | $22.87M | $58.24M | $53.24M | $69.79M | $57.42M | $53.35M |
Cash Flow
| Line item | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($80.61M) | - | - | ($75.88M) | - | - | ($1.58M) |
| Investing Cash Flow | - | - | - | ($8.30M) | - | - | ($5.14M) | - | - | ($3.56M) |
| Financing Cash Flow | - | - | - | $57.40M | - | - | $76.98M | - | - | $33.34M |
| CapEx | - | - | - | $8.20M | - | - | $5.14M | - | - | $3.56M |
| Free Cash Flow | - | - | - | ($88.81M) | - | - | ($81.02M) | - | - | ($5.14M) |
Ratios
| Metric | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 24.1% | 23.1% | 16.6% | 27.8% | 33.1% | 29.2% | 33.2% | 32.6% | 22.8% |
| Operating margin | - | -6.3% | -9.1% | -18.3% | -6.8% | 2.2% | -2.0% | 3.4% | 3.2% | -11.7% |
| EBITDA margin | - | - | - | -14.5% | - | - | 1.3% | - | - | -6.4% |
| Net margin | - | -8.1% | -10.1% | -19.2% | -7.9% | 1.5% | -2.6% | 2.8% | 2.3% | -13.2% |
| Free cash flow margin | - | - | - | -23.2% | - | - | -18.0% | - | - | -1.5% |
| FCF / Net income | - | - | - | 1.21 | - | - | 6.80 | - | - | 0.11 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 31.6% | 33.6% | 36.4% | 34.6% | 30.8% | 31.3% | 29.9% | 29.4% | 34.5% |
| Effective tax rate | - | - | - | - | - | 3.5% | - | 2.2% | 0.2% | - |
| Return on assets | - | -2.5% | -3.0% | -5.4% | -2.8% | 0.6% | -1.0% | 1.0% | 0.9% | -3.3% |
| Return on equity | - | -24.9% | -23.7% | -31.2% | 106.3% | -1371.5% | 117.9% | -160.2% | -45.3% | 128.2% |
| Return on invested capital | - | -5.4% | -7.7% | -15.5% | -11.7% | 5.1% | -3.7% | 15.9% | 17.2% | -20.8% |
| Liquidity | ||||||||||
| Current ratio | 0.82 | 0.98 | 0.93 | 0.94 | 0.86 | 0.86 | 0.85 | 0.82 | 0.74 | 0.87 |
| Quick ratio | 0.17 | 0.19 | 0.24 | 0.26 | 0.13 | 0.16 | 0.15 | 0.20 | 0.23 | 0.39 |
| Cash ratio | 0.06 | 0.06 | 0.10 | 0.07 | 0.04 | 0.08 | 0.07 | 0.06 | 0.07 | 0.15 |
| Leverage | ||||||||||
| Debt / Equity | 2.13 | 1.83 | 1.19 | 0.52 | -7.13 | -385.33 | -20.14 | -13.27 | -4.65 | -5.33 |
| Debt / Assets | 0.16 | 0.18 | 0.15 | 0.09 | 0.19 | 0.17 | 0.17 | 0.08 | 0.09 | 0.14 |
| Debt / EBITDA | - | - | - | - | - | - | 33.53 | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 13.75 | 9.92 | 7.81 | 5.74 | -37.68 | -2266.97 | -121.80 | -162.09 | -53.22 | -39.43 |
| Liabilities / Assets | 0.93 | 0.90 | 0.87 | 0.83 | 1.03 | 1.00 | 1.01 | 1.01 | 1.02 | 1.03 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.31 | 0.30 | 0.28 | 0.36 | 0.40 | 0.37 | 0.36 | 0.37 | 0.25 |
| Inventory turnover | - | 0.72 | 0.81 | 0.92 | 0.74 | 0.90 | 0.86 | 0.82 | 1.16 | 1.01 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | 509d | 453d | 396d | 492d | 406d | 424d | 444d | 316d | 362d |
| Days payable outstanding | - | 279d | 253d | 186d | 267d | 195d | 207d | 293d | 186d | 217d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 4.6% | -6.4% | -15.0% | -8.0% | 1.6% | 30.4% | 46.6% | 86.3% | 64.4% |
| Revenue CAGR (3y) | - | 12.1% | 21.0% | 22.2% | -3.9% | -0.6% | -0.0% | -2.1% | -2.5% | -10.0% |
| Revenue CAGR (5y) | - | -2.0% | -2.5% | -4.2% | -2.7% | -0.6% | -0.7% | -1.4% | -1.9% | -7.2% |
| Gross profit growth (YoY) | - | -9.2% | -34.7% | -51.5% | -23.1% | 2.9% | 66.9% | 1024.4% | - | - |
| Operating income growth (YoY) | - | 2.6% | - | -670.2% | - | -29.5% | 77.6% | - | - | 72.1% |
| Net income growth (YoY) | - | -6.9% | - | -516.3% | - | -33.9% | 73.9% | - | - | 70.3% |
| EPS growth (YoY) | - | -1866.0% | - | -450.0% | - | -33.3% | 74.3% | - | - | 71.0% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | 20.0% | 71.0% | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | 4.8% | 2.9% | - |
| FCF growth (YoY) | - | - | - | -9.6% | - | - | -1475.7% | - | - | 96.2% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -60.2% | - | - | - | -296.6% | 97.8% | 71.7% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-02-03.
Product / service
$3.65B totalApparel$1.68B · 46.0%
Retail$1.37B · 37.5%
Outlet$428.50M · 11.7%
Accessories And Other$120.04M · 3.3%
Other Revenue$55.48M · 1.5%
Peer comparison
Same SIC group: Retail-Apparel & Accessory Stores
Comparing EXPRESS against the 5 most active filers in the same SIC group.