Express (EXPR) Tops Q4 EPS by 4c
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Express, Inc. Reports Strong Fourth Quarter 2021 Results and Positive Operating Income for Full Year 2021
March 9, 2022 6:45 AM ESTFourth quarter positive comparable sales and gross margin expansion exceeded expectations
Net sales increased 38% in the fourth quarter compared to 2020. Consolidated comparable sales increased 43% compared to 2020 and 4% compared to 2019 Strong growth in fourth quarter eCommerce demand of 33% versus 2020 and 21% versus 2019; on track to achieve goal of $1 billion in eCommerce demand by 2024 Generated positive full year operating income driven by operating income of $10 million in the fourth quarter Generated full year... More