Brean Capital Raises Price Target on Express (EXPR) Following Solid 4Q
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Express, Inc. Reports Strong Sales and Profit Growth During the Fourth Quarter with Diluted EPS Increasing 37% to $0.67; Introduces First Quarter and Full Year 2016 Outlook
March 9, 2016 6:45 AM ESTNet sales increase 5% to $765.6 million Comparable sales increase 4% Merchandise margin increases 180 basis points; gross margin increases 230 basis points Operating income increases 21%; operating margin reaches 12.1%
COLUMBUS, Ohio--(BUSINESS WIRE)-- Express, Inc. (NYSE: EXPR), a specialty retail apparel company, announced its financial results for the fourth quarter of 2015. These results, which cover the thirteen and fifty-two week periods ended January 30, 2016, are compared to the thirteen and fifty-two week periods ended January 31, 2015.
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