Express (EXPR) Tops Q1 EPS by 8c; Guides Above the Street
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Express, Inc. Reports First Quarter 2015 Results Exceeding Guidance; Introduces Second Quarter Guidance And Raises Full Year 2015 Outlook
May 28, 2015 7:00 AM EDTCOLUMBUS, Ohio, May 28, 2015 /PRNewswire/ -- Express, Inc. (NYSE: EXPR), a specialty retail apparel chain operating approximately 630 stores, announced its financial results for the first quarter of 2015. These results cover the thirteen week period ended May 2, 2015.
David Kornberg, the Company's President and Chief Executive Officer, noted that, "2015 is off to a strong start. In the first quarter, comparable sales rose by 7% and our merchandise margin expanded by 200 basis points, driving earnings above our initial expectations. Our customers responded with enthusiasm to our assortment while we intensified our inventory discipline and... More
