Urban Outfitters, Inc. reported Q2 results with similar retail sales momentum to Q1, carried by Anthropologie and Free People but pushed down by Urban Outfitters. The underlying margin expansion was great, although higher discounting activity in the Urban Outfitters brand combined with slower sales countered some margin expansion. The Nuuly subscription service showed accelerating subscriptions...
Shares of Urban Outfitters (URBN) tumbled Thursday to their lowest point since January as markets focused on the retailer's sales outlook more than its second-quarter results that surpassed estimates.
Urban Outfitters Inc (NASDAQ:URBN) stock is down 12.9% at $36.13 at last glance, despite the retailer's better-than-expected second-quarter earnings and revenue, after disappointing comparable sales numbers.
Urban Outfitters Inc.'s namesake stores — where you can buy vintage-wear, vinyl and “brat”-themed birthday cards — have long tried to court a hipster-curious, hipster-adjacent or actually hipster consumer.
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