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This mall retailer is still on a roll


Express continues to make all the right moves, reporting better than expected results for its third quarter and raising its 2015 outlook.

The specialty apparel retailer reported a profit of $26.3 million, or $0.31 per share, versus a year-ago profit of $14.6 million, or $0.17 per share.

Revenue rose 9.8% to $546.6 million. Total same-store sales, including e-commerce sales, rose 6%. E-commerce sales climbed 6% to $83.8 million.

“I am pleased with our third quarter performance. We presented our customers with compelling fashion. We maintained our balanced approach to running the business, used promotions with restraint and managed inventory with discipline,” said David Kornberg, president and CEO.

For the year ending in January, the company now projects earnings of $1.38 to $1.42 per share, versus its prior forecast of $1.30 to $1.37 per share.

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