Express’s Fiscal 2018 Sales Performance Has Been Impressive
The company beat sales estimates in the fiscal first quarter by 4.0% and beat estimates in the fiscal second quarter by 2.1%. Its management is confident that its fall and holiday collections along with its extended size offerings will drive its top line in the remaining two fiscal quarters. The company’s e-commerce sales were up 35% in the fiscal first quarter, while in the fiscal second quarter, they were up 37%.