GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Express, Inc. (OTCPK:EXPR) » Definitions » Gross Margin %

Express, (Express,) Gross Margin %

: 24.12% (As of Oct. 2023)
View and export this data going back to 2010. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Express,'s Gross Profit for the three months ended in Oct. 2023 was $110 Mil. Express,'s Revenue for the three months ended in Oct. 2023 was $454 Mil. Therefore, Express,'s Gross Margin % for the quarter that ended in Oct. 2023 was 24.12%.


The historical rank and industry rank for Express,'s Gross Margin % or its related term are showing as below:

EXPR' s Gross Margin % Range Over the Past 10 Years
Min: -0.41   Med: 29.47   Max: 33.84
Current: 22.19


During the past 13 years, the highest Gross Margin % of Express, was 33.84%. The lowest was -0.41%. And the median was 29.47%.

EXPR's Gross Margin % is ranked worse than
76.67% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 36.86 vs EXPR: 22.19

Express, had a gross margin of 24.12% for the quarter that ended in Oct. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Express, was 0.00% per year.


Express, Gross Margin % Historical Data

The historical data trend for Express,'s Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Express, Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.06 27.27 -0.41 29.86 28.36

Express, Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.78 23.87 16.64 23.06 24.12

Competitive Comparison

For the Apparel Retail subindustry, Express,'s Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Express, Gross Margin % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Express,'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where Express,'s Gross Margin % falls into.



Express, Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Express,'s Gross Margin for the fiscal year that ended in Jan. 2023 is calculated as

Gross Margin % (A: Jan. 2023 )=Gross Profit (A: Jan. 2023 ) / Revenue (A: Jan. 2023 )
=528.6 / 1864.182
=(Revenue - Cost of Goods Sold) / Revenue
=(1864.182 - 1335.588) / 1864.182
=28.36 %

Express,'s Gross Margin for the quarter that ended in Oct. 2023 is calculated as


Gross Margin % (Q: Oct. 2023 )=Gross Profit (Q: Oct. 2023 ) / Revenue (Q: Oct. 2023 )
=109.5 / 454.063
=(Revenue - Cost of Goods Sold) / Revenue
=(454.063 - 344.546) / 454.063
=24.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Express,  (OTCPK:EXPR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Express, had a gross margin of 24.12% for the quarter that ended in Oct. 2023 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Express, Gross Margin % Related Terms

Thank you for viewing the detailed overview of Express,'s Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Express, (Express,) Business Description

Traded in Other Exchanges
N/A
Address
1 Express Drive, Columbus, OH, USA, 43230
Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.
Executives
Stewart Glendinning director, officer: Chief Executive Officer 1 EXPRESS DRIVE, COLUMBUS OH 43230
Yehuda Shmidman director C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR, NEW YORK NY 10018
Satish Mehta director C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Jason N Judd officer: SVP, CFO and Treasurer 50 N THIRD ST, NEWARK OH 43055
Patricia E Lopez director 333 LUDLOW ST, STAMFORD CT 06902
Antonio Lucio director C/O EXPRESS INC., 1 EXPRESS DRIVE, COLUMBUS OH 43230
Laurel Krueger officer: Chief Legal Officer & Corp Sec ONE EXPRESS DRIVE, COLUMBUS OH 43230
Periclis Pericleous officer: SVP, CFO and Treasurer 1 EXPRESS DR., COLUMBUS OH 43230
Matthew C Moellering officer: EVP, CAO,CFO, Treasurer & Sec. C/O EXPRESS PARENT LLC, ONE LIMITED PARKWAY, COLUMBUS OH 43230
Malissa Akay officer: EVP, Chief Merch. Officer 1 EXPRESS DR., COLUMBUS OH 43230
Sara Tervo officer: EVP, Chief Marketing Officer 1 EXPRESS DR., COLUMBUS OH 43230
Timothy G Baxter director, officer: Chief Executive Officer C/O EXPRESS, INC., 1 EXPRESS DR., COLUMBUS OH 43230
Contrarius Investment Management Ltd 10 percent owner 2 BOND STREET, ST. HELIER Y9 JE2 3NP
Contrarius Investment Management (bermuda) Ltd 10 percent owner VICTORIA PLACE, 5TH FLOOR, 31 VICTORIA STREET, HAMILTON D0 HM 10
James A Hilt officer: EVP, CMO, and ECommerce 1 EXPRESS DRIVE, COLUMBUS OH 43230