Entry level $5.86 above resistance Target price $7.25 Short interest 18% Earnings details Express (NYSE:EXPR) reports comparable sales declined 5% in Q3, exceeding guidance of -7% to -6%. Comparable for retail sales and outlet sales fell 5%. Retail sales down 8.2% to 356.8M whereas outlet sales grew 5.3% to 114.1M. Gross margin slipped 250 bps to 28.2%. SG&A expense rate +70 bps to 29.5%. Inventory dropped ~5% to 345.9M. The company has repurchased 2.8M shares for 8.7M during the quarter. Q4 Guidance: Comparable-sales: -1% to -3%; Tax rate: ~26%; Interest income, net: 0.9M; Net income: 10.5M to 13.5M; Diluted EPS: $0.16 to $0.21; Weighted average diluted shares outstanding: 64.8M. Capital expenditures are expected to be in the range of 35M to 38M for FY2019. Source Seekignalpha COMPANY PROFILE Express, Inc. engages as a fashion destination and apparel brand for both women and men. It offers apparel and accessories for work, casual, jeanswear, and going-out occasions. The company was founded in 1980 and is headquartered in Columbus, OH.