Thursday, 29 August 2013

Express second-quarter profit rises 7 percent

n">(Reuters) - Apparel and accessories retailer Express Inc (EXPR.N) reported a 7 percent increase in quarterly profit as it attracted more customers.

Net income for the quarter ended August 3 rose to $16.9 million, or 20 cents per share, from $15.8 million, or 18 cents per share, a year earlier.

Revenue rose 7 percent to $486.2 million.

Same-store sales, which include e-commerce sales, increased 6 percent.

(Reporting by Maria Ajit Thomas and Aditi Shrivastava in Bangalore; Editing by Saumyadeb Chakrabarty)


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