Express (EXPR) Tops Q1 EPS by 5c, Updates Guidance

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Go back to Express (EXPR) Tops Q1 EPS by 5c, Updates Guidance

Express, Inc. First Quarter 2022 Results Exceed Expectations; Raises Full Year 2022 Outlook

May 25, 2022 6:45 AM EDT

30% increase in net sales; 31% increase in consolidated comparable sales 21% growth in eCommerce demand; on track to achieve goal of $1.0 billion in eCommerce demand by 2024 640 basis point gross margin expansion despite a $6.0 million impact related to supply chain challenges Recorded the highest number of active Express Insider loyalty program members in the Company's history Raises full year comparable sales outlook to an increase of 8% - 10% and provides outlook for a mid-single digit increase in second quarter comparable sales

COLUMBUS, Ohio--(BUSINESS WIRE)-- Fashion apparel retailer... More