Light Traffic, Spending Shift Hamper Express (EXPR) in Q1; Stifel Affirms at 'Buy'
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Express, Inc. Reports First Quarter 2016 Results; Introduces Second Quarter Outlook and Revises Full Year 2016 Outlook
May 25, 2016 6:45 AM EDTNet 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
