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Betty Chen of Mizuho Securities asks about trends in the outlet channel. CEO David Kornberg said $EXPR is pleased with the outlet performance in 1Q16. Comps decelerated in outlets at the same time as frontline retail but the general performance was good. The performance in men's and women's have been consistent in outlet.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?