Urban Outfitters Q2 Comparable Retail Sales Rise 6.2%
URBN sits 28% above its 52-week low of $59.535.
Summary
Urban Outfitters reported a 6.2% increase in Q2 comparable retail segment net sales. The company achieved record Q2 sales and profits, with total sales rising 10.4% and beating estimates, driven by subscription and retail growth. Free People strength continued during the quarter. This follows strong Q1 results where revenue climbed 11.4% year-over-year to $1.48 billion.
At the time of this announcement, URBN was trading at $76.01 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $59.54 to $84.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.