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Retail

Urban Outfitters Sales Miss Expectations

Shares of the apparel retailer were down 10 percent after the bell.
An Urban Outfitters store | Source: Shutterstock
By
  • Reuters

NEW YORK, United States — Apparel retailer Urban Outfitters Inc. on Tuesday reported lower-than-expected quarterly sales, hit by lower demand for its namesake brand, sending its shares down about 10 percent after the bell.

Net sales rose 1.4 percent to $987 million, below the average analyst expectations of $1 billion, according to IBES data from Refinitiv.

By Soundarya J; Editor: Amy Caren Daniel

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