-
Express Q2 profit falls 43%, but beats Street
Columbus, Ohio -- Express reported Wednesday that profit for the second quarter fell 43% to $12.6 million, compared with $22.1 million in the year-ago period. Results still topped Wall Street expectations, and the company has upped it s forecast for the third quarter and full year.
Revenue rose nearly 10% to $446 million from $407.3 million, beating analysts' average forecast for $439.6 million in revenue. Same-store sales rose 6%.
-
Big Lots Q2 profit slips 8%
Columbus, Ohio -- Big Lots reported Thursday that net income for the quarter ended July 30 declined 8% to $35.7 million, compared with $38.9 million a year earlier. The company cited same-store sales declines and a charge related to its new Canadian stores for the performance slip.
Revenue rose 3% to $1.17 billion from $1.14 billion. Same-store sales fell 1.5%.
Big Lots acquired Liquidation World in July as part of a strategy to expand into Canada.