Express, Inc. | Exhibit 99.3 |
Information Regarding the Change in the Method of Reporting Comparable Sales
Express, Inc. (the "Company") has updated its comparable sales reporting presentation in light of the progress made in transforming into an omni-channel business model and the growth of the outlet channel. Beginning in the first quarter of 2019, the Company began providing a single consolidated comparable sales figure, while also providing sales and comparable sales for retail, which will include retail stores and e-commerce, and sales and comparable sales for outlets. Historically, the Company has provided sales and comparable sales data for stores, which included both retail and outlet stores, and e-commerce. “Other” sales is unchanged from the Company’s prior classification.
(Recast amounts) | Full Year 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Full Year 2018 | |
Retail Sales | $1,736,516 | $374,487 | $373,775 | $388,830 | $479,031 | $1,616,123 | |
Outlet Sales | 365,176 | 90,297 | 107,222 | 108,425 | 129,381 | 435,325 | |
Other | 56,810 | 14,568 | 12,608 | 17,706 | 20,014 | 64,896 | |
Consolidated Sales | $2,158,502 | $479,352 | $493,605 | $514,961 | $628,426 | $2,116,344 |
(Recast amounts) | Full Year 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Full Year 2018 | |
Consolidated Comparable Sales | -3% | 1% | 1% | —% | -6% | -1% | |
Retail Comparable Sales | -3% | 1% | 1% | 1% | -6% | -1% | |
Outlet Comparable Sales | -4% | 2% | 2% | -1% | -5% | -1% |