default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Urban Outfitters Beats 2Q Profit Forecasts

Urban Outfitters Inc. on Monday reported fiscal second-quarter earnings of $66.8 million. The results surpassed Wall Street expectations.
By
  • Associated Press

PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal second-quarter earnings of $66.8 million.

The Philadelphia-based company said it had profit of 52 cents per share.

The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The clothing and accessories retailer posted revenue of $867.5 million in the period, which missed Street forecasts. Twelve analysts surveyed by Zacks expected $883.8 million.

Urban Outfitters shares have fallen almost 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. In the final minutes of trading on Monday, shares hit $32.12, a decrease of 11 percent in the last 12 months.

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the ebb and flow of the fashion sector.


Kanye and Adidas, Johnny Depp and Dior: celebrity marketing can be a minefield as well as a goldmine — and social media has raised the stakes.



view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
How to Build a Profitable DTC Brand
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
How to Build a Profitable DTC Brand