Express sees Q3 revenue $460M-$490M, two est. $495.72M

Gross margin rate to decrease approximately 200 basis points, including approximately 300 basis points of royalty expense related to the license agreement with WHP Global, and a positive approximately 300 basis point benefit from Bonobos; SG&A expenses as a percent of net sales to leverage approximately 275 basis points, including approximately 150 basis point deleverage from Bonobos; Net interest expense of $6 million; Effective tax rate of essentially zero percent; Diluted loss per share of $5.50 to $7.50; Consolidated inventory to increase by low-double digits with the addition of Bonobos.