US: Sales boost drives Express Q2 profit
- Q2 adjusted net profit of US$7.1m, versus loss of $6.8m
- Sales up 9% to $407.3m
- Confirms FY guidance
Clothing retail chain Express returned to profit in the second quarter to 31 July, thanks to a 9% increase in net sales and a 6% rise in comparable store sales.
“The ongoing benefit of our go-to-market strategy, along with outstanding execution of our key growth strategies, is resulting in increased sales productivity and profitability for our company, and therefore we are confirming our guidance for the full year,” said Michael Weiss, Express president and CEO.
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