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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Urban Outfitters Inc | NASDAQ:URBN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.2575 | 0.62% | 41.8175 | 41.80 | 41.82 | 41.90 | 41.41 | 41.76 | 165,554 | 15:41:26 |
Urban Outfitters Inc. said its earnings fell in the holiday quarter, marking the retailer's second consecutive decline in annual profit.
Still, results were better than projected, sending shares up 5.7% to $29.75 in late trading.
For the period ended Jan. 31, Urban Outfitters reported a profit of $72.9 million, or 61 cents a share, compared with $80.3 million, or 60 cents a share, a year earlier. The current year's results are based on a 16% decline in outstanding shares, helping the company preserve the per-share payout.
Analysts surveyed by Thomson Reuters had projected 56 cents a share.
Gross profit margin—or the percentage of sales the retailer makes after accounting for production costs—was 34.5%, down slightly from 34.6%.
Sales, which the company had already reported last month, were largely flat from the year-ago period at $1.01 billion.
The Philadelphia-based retailer, which opened its first store in 1970 near the University of Pennsylvania campus, has expanded into a multinational clothing company with more than $3 billion in sales a year under the Urban Outfitters, Free People, Anthropologie, BHLDN and Terrain brands.
The retailer has reported a sales slowdown at its two largest brands, Urban Outfitters and Anthropologie Group, which also includes BHLDN and Terrain.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
March 07, 2016 17:05 ET (22:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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