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Express makes all the right moves in Q2
Columbus, Ohio -- Express Inc. soared in the second quarter as its profit tripled amid increased sales and profit margins and reduced promotional activity.
The retailer on Wednesday reported better-than-expected sales and profit for the second quarter. It also raised its full year outlook.
Express’ net income totaled $21 million, compared to $6.9 million, boosted by gross profit resulting from cost of sales growth that was significantly behind the rate of net sales growth.
