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

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.

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