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Express Inc. Q2 Revenue Rises 7%, Same-Store-sales Up 6%

By Warren Paige

Shares of Express Inc. (NYSE: EXPR) gained sharply on Wednesday after the specialty retailer handed better-than-expected revenue for the fiscal second quarter. Earnings also matched Street’s consensus estimates. Encouraged by higher sales and growing customer traffic, the retailer also lifted its full-year earnings outlook. Same-store-sales rose 6% in the recently concluded quarter. E-commerce sales jumped 27%. Overall sales rose 7% to $486.2 million. For the current quarter, the company now expects earnings to be in the range of 21 cents to 26 cents a share while analysts’ forecast was for 25 cents.

August 28th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.