Express soars after EPS beat, Sycamore Partners on the hunt?

Express (NYSE:EXPR) surprised even itself with its Q2 results as it navigated the delicate promotional atmosphere in the retail sector.

Last May, Express warned of a Q2 loss, but ended the period comfortably in the black.

The retailer raised its full-year EPS guidance to $0.85-$0.91 vs. $0.74-$0.90 prior and $0.81 consensus.

What to watch: The better-than-anticipated results could have on impact on Sycamore Partners which reportedly has more than a passing interest in buying out the company.

EXPR +13.9% premarket

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