Express, Inc. provided earnings guidance for the first quarter and full year 2022. For the quarter, the company expected comparable sales to increase 25% - 30%. Gross Margin rate to increase approximately 550 basis points, including approximately $7 million of expenses related to mitigating supply chain challenges.

For the full year, the company expected comparable sales to increase 7% - 9%. Gross Margin rate to increase approximately 100 basis points.