Express (EXPR) Tops Q2 EPS by 2c, Comps Decline 4%
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Express, Inc. Reports Second Quarter 2017 Results at the Top End of Guidance; Introduces Third Quarter Guidance and Affirms Full Year 2017 Outlook
August 23, 2017 6:45 AM EDTSecond quarter comparable sales decreased by 4% Second quarter loss of $0.15 per share, or income of $0.01 per share on an adjusted basis excluding costs related to the exit of Canada E-commerce sales increased 28%, accounting for 19% of net sales Omni-channel capabilities advance with "ship from store" now active in 150 stores Closed 40 retail stores, 19 of which were converted to outlets, and opened 4 new outlet stores, as part of continued focus on optimizing the store footprint... More
