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Why Shares of Express Are Surging Today

TheMotleyFool

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Shares of clothing retailer Express (NYSE: EXPR) were trading up 24.3% as of 9:55 a.m. ET on Thursday after the company reported better-than-expected earnings results for the third quarter.

Express continued to show progress in lessening its dependence on shopping malls, instead serving customers across e-commerce and retail stores. Net sales grew 47% year over year to $472 million, boosted by e-commerce comp sales growth of 52%.

Image source: Getty Images.

Source Fool.com

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