- Express (EXPR) reports comparable store sales increased 1% in Q4, led by a 14% rise in the e-commerce channel.
- Gross margin rate fell 300 bps to 32% due to the "intensely" promotional retail atmosphere.
- Express takes its guidance for Q1 down to $0.12-$0.18 vs. $0.41 consensus.
- Shares haven't opened trading yet, but are on watch for a slip.
Express takes down guidance with margins crumbling
From other sites
at Zacks.com (Mar 12, 2015)
at Zacks.com (Mar 11, 2015)
at Benzinga.com (Feb 23, 2015)
at MarketWatch.com (Jan 12, 2015)
at CNBC.com (Jan 12, 2015)
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