Express (EXPR) Misses Q1 EPS by 2c; Guides Q2, FY16 EPS Below Views

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Go back to Express (EXPR) Misses Q1 EPS by 2c; Guides Q2, FY16 EPS Below Views

Express, Inc. Reports First Quarter 2016 Results; Introduces Second Quarter Outlook and Revises Full Year 2016 Outlook

May 25, 2016 6:45 AM EDT

Net sales flat at $502.9 million; comparable sales decline 3% Gross margin increases 30 basis points First quarter diluted EPS rises 7% to $0.16; adjusted diluted EPS rises 14% to $0.25

COLUMBUS, Ohio--(BUSINESS WIRE)-- Express, Inc. (NYSE: EXPR), a specialty retail apparel company, announced its financial results for the first quarter of 2016. These results, which cover the thirteen week period ended April 30, 2016, are compared to the thirteen week period ended May 2, 2015.

David Kornberg, the Company's President and Chief Executive Officer,... More