Express Inc jumps as Q1 net sales surge, loss narrows

Express

25/05/2022 12:47

** Fashion apparel retailer's  EXPR.N  shares jump 12.1% to
$2.67 in premarket trading
    ** EXPR Q1 net sales surge 30% to $450.8 mln, boosted by
increase in e-commerce demand  urn:newsml:reuters.com:*:nBwHRdVa
    ** Net loss narrowed to $11.9 mln, or 18 cents/share, from
$45.7 mln, or 70 cents/share, a year earlier
    ** Co expects FY22 sales to rise 8%-10% 
    ** Adds forecast may be affected by continued uncertainty
related to the pandemic, geopolitical events and their impact on
the supply chain
    ** As of last close, stock fell ~23% this year

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))