Express (EXPR) Tops Q4 EPS by 16c
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Express, Inc. Reports Fourth Quarter and Full Year 2020 Results
March 10, 2021 6:45 AM ESTFourth quarter comparable sales down 27%, improved from the third quarter and further improved in December and January; results continued to be impacted materially by the COVID-19 pandemic Delivered increases in traffic, conversion, and transactions in eCommerce in the fourth quarter; announces $1 billion plan for its eCommerce channel in 2024 Gross margin improved sequentially in each quarter of 2020 Reduced fourth quarter expenses by $35 million versus last year Fourth quarter diluted loss per share of... More
