clare288
2021-08-25
Ooo
Express Inc Stock Gains After Q2 Earnings Beat
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The gross margin expanded 580 basis points compared to Q2 FY19.</p>\n<p>The operating margin was 3.2%, and operating income for the quarter was $14.8 million against $(136.3) million in Q2 FY20.</p>\n<p>Inventory at the end of the quarter climbed 15% Y/Y to $266.6 million.</p>\n<p>The company held $33.9 million in cash and equivalents as of July 31, 2021.</p>\n<p>Cash provided by operating activities for the six months totaled $67.6 million, with a free cash flow of $57 million.</p>\n<p>EBITDA was $30.8 million versus $(118.4) million last year.</p>\n<p>Adjusted EPS of $0.02 beat the analyst consensus of $(0.30).</p>\n<p>\"We experienced an inflection point after the Fourth of July and have been driving a doubledigit comp versus 2019 since that time,\" said CEO Tim Baxter.</p>\n<p><b>Outlook</b>: Express sees net sales above 2019 levels on a comparable basis for the second half of the year.</p>\n<p><b>Price Action:</b> EXPR shares are trading higher by 7.85% at $7.83 in premarket on the last check Wednesday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Express Inc Stock Gains After Q2 Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExpress Inc Stock Gains After Q2 Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-25 20:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/EXPR\">Express</a> Inc</b> (NYSE:EXPR) reported second-quarter FY21 sales growth of 86% year-on-year, to $457.6 million, beating the analyst consensus of $447.91 million.</p>\n<p>Consolidated comparable sales increased 42% versus last year and increased 3% compared to Q2 FY19.</p>\n<p>Comparable retail sales, including Express stores and eCommerce, rose 48%, and comparable outlet store sales increased 30%.</p>\n<p>E-commerce demand grew 28% Y/Y and 20% against Q2 FY19.</p>\n<p>Operating expenses rose 45.8% Y/Y.</p>\n<p>The gross margin was 32.6% versus (17.9)% last year. The gross margin expanded 580 basis points compared to Q2 FY19.</p>\n<p>The operating margin was 3.2%, and operating income for the quarter was $14.8 million against $(136.3) million in Q2 FY20.</p>\n<p>Inventory at the end of the quarter climbed 15% Y/Y to $266.6 million.</p>\n<p>The company held $33.9 million in cash and equivalents as of July 31, 2021.</p>\n<p>Cash provided by operating activities for the six months totaled $67.6 million, with a free cash flow of $57 million.</p>\n<p>EBITDA was $30.8 million versus $(118.4) million last year.</p>\n<p>Adjusted EPS of $0.02 beat the analyst consensus of $(0.30).</p>\n<p>\"We experienced an inflection point after the Fourth of July and have been driving a doubledigit comp versus 2019 since that time,\" said CEO Tim Baxter.</p>\n<p><b>Outlook</b>: Express sees net sales above 2019 levels on a comparable basis for the second half of the year.</p>\n<p><b>Price Action:</b> EXPR shares are trading higher by 7.85% at $7.83 in premarket on the last check Wednesday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162056351","content_text":"Express Inc (NYSE:EXPR) reported second-quarter FY21 sales growth of 86% year-on-year, to $457.6 million, beating the analyst consensus of $447.91 million.\nConsolidated comparable sales increased 42% versus last year and increased 3% compared to Q2 FY19.\nComparable retail sales, including Express stores and eCommerce, rose 48%, and comparable outlet store sales increased 30%.\nE-commerce demand grew 28% Y/Y and 20% against Q2 FY19.\nOperating expenses rose 45.8% Y/Y.\nThe gross margin was 32.6% versus (17.9)% last year. The gross margin expanded 580 basis points compared to Q2 FY19.\nThe operating margin was 3.2%, and operating income for the quarter was $14.8 million against $(136.3) million in Q2 FY20.\nInventory at the end of the quarter climbed 15% Y/Y to $266.6 million.\nThe company held $33.9 million in cash and equivalents as of July 31, 2021.\nCash provided by operating activities for the six months totaled $67.6 million, with a free cash flow of $57 million.\nEBITDA was $30.8 million versus $(118.4) million last year.\nAdjusted EPS of $0.02 beat the analyst consensus of $(0.30).\n\"We experienced an inflection point after the Fourth of July and have been driving a doubledigit comp versus 2019 since that time,\" said CEO Tim Baxter.\nOutlook: Express sees net sales above 2019 levels on a comparable basis for the second half of the year.\nPrice Action: EXPR shares are trading higher by 7.85% at $7.83 in premarket on the last check Wednesday.","news_type":1,"symbols_score_info":{"EXPR":0.9}},"isVote":1,"tweetType":1,"viewCount":482,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/837258604"}
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