Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Express Falls Short on Earnings, Sales as Pandemic Derails Strategy

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Express saw another tough quarter with net sales dropping 48 percent to $245.7 million and net losses coming in at $107.8 million, or $1.67 per diluted share. Both sales and net losses missed expectations from Wall Street analysts, who anticipated that sales would reach $257.3 million, while losses would be $1.48 per diluted share. Express…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!