Entering text into the input field will update the search result below

Express +7% after pulling back on promotions

May 30, 2019 8:12 AM ETExpress, Inc. (EXPR) StockBy: Clark Schultz, SA News Editor
  • Express (NYSE:EXPR) soars in early trading after topping Q1 estimates.
  • Comparable sales were off 9% during the quarter to beat to the 10% drop expected by analysts.
  • Gross margin came in at 27.1% of sales vs. 26.0% consensus and 29.9% a year ago. Operating margin was -2.6% vs. -5.9% expected.
  • "While we had a soft start to the year, the health of the business improved throughout the period. As a result, we were able to reduce promotion levels in the back half of the quarter," says Interim CEO Matthew Moellering.
  • Shares of Express are up 6.62% premarket to $3.38 after falling off 7.85% yesterday amid a broad retail sell-off.
  • Previously: Express EPS beats by $0.15, beats on revenue (May 30)

Recommended For You

More Trending News

About EXPR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
EXPR--
Express, Inc.