Express backs FY22 EPS view ($1.22)-($1.18), one estimate ($1.23)

The other elements of the full year 2022 outlook provided by the company on December 8, 2022, remain unchanged. The updated outlook above does not reflect the expected benefits of the transaction or the strategic partnership with WHP Global announced on December 8, 2022. "Against a backdrop of extremely challenging macroeconomic, consumer and competitive environments, we expect to deliver full year 2022 comparable sales and diluted loss per share within the ranges of our prior outlook," said Tim Baxter, Chief Executive Officer. "Reduced spending in discretionary categories and an increased appetite for deep discounts continued into the fourth quarter which negatively impacted our business. Despite these headwinds, we remain confident in our ability to achieve our stated goal of long-term, profitable growth in the Express brand and are committed to returning to profitability in 2023."