Express(EXPR) - 2022 Q4 - Earnings Call Presentation

Financial Performance & Outlook - Full year 2022 diluted earnings per share were $425[38] - Q4 2022 earnings per share were $482[27] - Full year 2022 EBITDA was $403 million[39] - Q4 2022 EBITDA was $386 million[57] - Gross margin rate is expected to decrease approximately 850 basis points in 2023[8] - The company projects a diluted loss per share of $070 to $080 in 2023[8] - The company projects comparable sales of positive low-single digits in 2023[8] Strategic Partnership with WHP Global - The strategic partnership with WHP Global strengthens the balance sheet with $260 million in gross proceeds from WHP investment[47] - Royalty rate is 325% for the first five years and 35% thereafter[4] - The partnership aims to drive revenue growth and margin expansion through synergies[2] - The company expects $10 million in interest expense savings from the partnership[50] Retail & Brand Performance - Retail stores accounted for 73% of FY 2022 net sales[34] - Express Factory Outlet stores accounted for 27% of FY 2022 net sales[34] - UpWest brand sales grew by 43%[58]