Original:
Apparel retailer Express (
EXPR) - Get Report reported a narrower-than-expected loss for its fiscal first quarter on Thursday, as well as strong revenues that beat analyst estimates.
The company posted a quarterly net loss of 55 cents per share on revenue of $345.8 million, a 64% year-over-year increase. Analysts were expecting a net loss of 58 cents per share on revenue of $323 million.
We are well positioned for the post pandemic world, we are on track to achieve our goal of $1.0 billion in eCommerce demand by 2024, and I expect that we will return to positive operating cash flow in the second quarter and positive EBITDA in the third quarter, said CEO Tim Baxter. ....