Express, a specialty retail apparel company, reaffirmed its EPS guidance for Q4 and full year 2016 ending Jan. 28. Shares gained as much as 1.8% in premarket trading.
Q4 EPS is expected to be in the range of $0.26 to $0.30. Analysts had projected $0.29 on average, according to Capital IQ data. It was not immediately clear whether the figures were comparable.
Q4 comparable sales are currently expected to be negative 13%. Full-year adjusted EPS is expected to be in the range of $0.78 to $0.82. Analysts had expected $0.81, according to Capital IQ data.Full-year comparable sales are expected to be negative 9%.
“Our store performance continues to be impacted by challenging mall traffic trends and a more promotional retail environment,” CEO David Komberg said in a statement on Tuesday.