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Express Scripts Announces Revised 2011 Financial Guidance
Date:10/6/2011

ST. LOUIS, Oct. 6, 2011 /PRNewswire/ -- Express Scripts, Inc. (Nasdaq: ESRX) has historically provided annual guidance with respect to anticipated future financial results.  This guidance is based on a variety of assumptions, plans and expectations, and, as stated in the Company's various filings and releases, actual results may differ significantly from those originally projected or suggested in such guidance for a variety of reasons.

In October of 2010, Express Scripts provided certain financial guidance for full-year 2011, which was reaffirmed in July of 2011.  Specifically, the Company indicated that it expected to achieve adjusted earnings per share (as defined in the attached Appendix) in the range of $3.15 to $3.25.  Based on a number of factors described below, the Company now expects that adjusted earnings per share will be in the range of $2.95 to $3.05 for 2011, down approximately 6% from the prior range.  While changes in circumstances, such as significant improvement in the economy during the fourth quarter or other factors, could allow Express Scripts to achieve results closer to its original guidance range, the Company does not believe such results are likely at this time.  The revised range would result in adjusted earnings per share growth of between 18% and 22% over 2010.

"In spite of near-term headwinds and a challenging macroeconomic environment, we remain confident we are well-positioned for continued growth," said George Paz, CEO and chairman of Express Scripts.  "We have historically managed expenses rigorously while investing toward the future, focusing on innovation, service and optimal clinical outcomes.  We will continue to do so, even when faced with challenges on other fronts."

The Company's original guidance was based on a variety of assumptions, including key estimates around projected growth in
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SOURCE Express Scripts, Inc.
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