Express backs Q2 EPS view (60c)-(50c), one estimate (55c)

Backs Q2 revenue view $400M-$450M, two estimates $440.65M. “We expect second quarter net sales and diluted loss per share to be within the ranges of our outlook. Net sales for the Express brand improved sequentially throughout the second quarter driven by the corrective actions we have taken to address imbalances in our women’s assortment architecture. These results give us confidence that we will continue to see improvement in net sales for the Express brand in the back half of the year,” said Tim Baxter, Chief Executive Officer. “Additionally, the integration of the Bonobos brand into our omnichannel platform and its performance are on track.”