Business

Express hits holiday sales detour

Express — the teen retailer — cut its full-year earnings guidance to a per-share range of $1.46 to $1.51 from a previous estimate of $1.52 to $1.60. The company cited a black and blue start to the holiday season cut into the firm’s profit outlook.

“Thanksgiving week sales exceeded last year’s, however results did not meet our expectations,” said Michael Weiss, the company’s Chairman and Chief Executive Officer, in a statement.

Another troubled retailer was on the rise.

JCPenney was up 2.8 percent premarket after the retailer said late Tuesday that same-store sales rose 10.1 percent in November, bolstered by a positive Thanksgiving holiday weekend.