UPDATE: Express (EXPR) Tops Q2 EPS by 2c, Comps Increase 1%
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Express, Inc. Exceeds Second Quarter 2018 EPS Guidance; Introduces Third Quarter Guidance and Raises Full Year 2018 Outlook
August 29, 2018 6:45 AM EDTSecond quarter comparable sales increased by 1% Second quarter diluted earnings per share (EPS) of $0.03 E-commerce sales increased 37%, accounting for 25% of net sales Gross and operating margins expanded in the second quarter relative to the prior year Further optimized store footprint by converting 27 retail stores to outlets during second quarter Strong balance sheet maintained with $191 million in cash and no debt Repurchased 6.1 million shares for $49 million to date under... More
