Express Earnings: Here’s Why the Stock is Rising Now
Express Inc. (NYSE:EXPR) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.58%.
Express Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.11% to $0.20 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 6.89% to $486.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Express Inc. reported adjusted EPS income of $0.20 per share. By that measure, the company met the mean analyst estimate of $0.20. It beat the average revenue estimate of $484.99 million.
Quoting Management: Michael Weiss, Express, Inc.’s Chairman and Chief Executive Officer commented, “We delivered a very solid second quarter. Financial highlights include high single digit sales growth, comparable sales that represent a return to mid-single digit growth and earnings per share that came near the upper end of our guidance. These results were driven by improved execution of our Go-to-Market strategy and by our ability to react quickly as the competitive environment evolved.”
Key Stats (on next page)…