FBR Capital Cuts Price Target on Express (EXPR) Following 2Q EPS Miss
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Express, Inc. Reports Second Quarter 2016 Results; Introduces Third Quarter Outlook and Revises Full Year 2016 Outlook
August 24, 2016 6:45 AM EDTNet sales decreased 6% to $504.8 million. Diluted EPS was $0.13. Total inventory was down 6% with retail inventory down 9%.
COLUMBUS, Ohio--(BUSINESS WIRE)-- Express, Inc. (NYSE: EXPR), a specialty retail apparel company, announced its financial results for the second quarter of 2016. These results, which cover the thirteen and twenty-six week periods ended July 30, 2016, are compared to the thirteen and twenty-six week periods ended August 1, 2015.
David Kornberg, the Companys President and Chief Executive Officer, stated: I am... More
