Express (EXPR) Tops Q1 EPS by 3c, Comps Increase 1%, Offers Q2 and FY Guidance
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Express, Inc. Exceeds First Quarter 2018 EPS Guidance on a Positive Comp; Introduces Second Quarter Guidance and Updates Full Year 2018 Outlook
May 31, 2018 6:45 AM EDTFirst quarter comparable sales increased by 1% First quarter diluted earnings per share (EPS) of $0.01 E-commerce sales increased 35%, accounting for 28% of net sales; on a comparable sales basis, e-commerce sales increased 33% Gross margin expanded 200 basis points in the first quarter Continued success from omni-channel initiatives, with rollout tracking ahead of plan Strong balance sheet maintained with $185 million in cash, an improved inventory position, and no debt Repurchased 4.9 million... More
