Brief: Express Inc's First Quarter 2022 Results Exceed Expectations, Raises Full Year 2022 Outlook

Express

25/05/2022 12:15

May 25 (Reuters) - Express Inc  EXPR.N :
    * EXPRESS, INC. FIRST QUARTER 2022 RESULTS EXCEED
EXPECTATIONS;
RAISES FULL YEAR 2022 OUTLOOK
    * Q1 LOSS PER SHARE $0.18
    * PROVIDES OUTLOOK FOR A MID-SINGLE DIGIT INCREASE IN Q2
COMPARABLE SALES
    * EXPRESS - RAISES FY COMPARABLE SALES OUTLOOK TO AN
INCREASE OF
8% - 10% AND PROVIDES OUTLOOK FOR A MID-SINGLE DIGIT INCREASE IN
Q2 COMPARABLE SALES
    * QTRLY CONSOLIDATED NET SALES INCREASED 30% TO $450.8
MILLION
    * QTRLY ADJUSTED LOSS PER SHARE $0.10
    * SEES FY DILUTED EARNINGS PER SHARE OF $0.24 TO $0.34
    * SEES FY ADJUSTED DILUTED EARNINGS PER SHARE OF $0.14 TO
$0.20

Source text for Eikon:  ID:nBwHRdVa 
Further company coverage:  EXPR.N 

 ((Reuters.Briefs@thomsonreuters.com;))