Express Reports Narrower-Than-Expected Loss, Strong Sales :

Express Reports Narrower-Than-Expected Loss, Strong Sales


Original:
Apparel retailer Express  (
EXPR) - Get Report reported a narrower-than-expected loss for its fiscal first quarter on Thursday, as well as strong revenues that beat analyst estimates.
The company posted a quarterly net loss of 55 cents per share on revenue of $345.8 million, a 64% year-over-year increase. Analysts were expecting a net loss of 58 cents per share on revenue of $323 million.
"We are well positioned for the post pandemic world, we are on track to achieve our goal of $1.0 billion in eCommerce demand by 2024, and I expect that we will return to positive operating cash flow in the second quarter and positive EBITDA in the third quarter," said CEO Tim Baxter.

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, Express , Apparel , Earnings , Retail , Investing , எக்ஸ்பிரஸ் , ஆடை , சில்லறை , முதலீடு ,

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