85 731
Fashion Jobs
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
ESSILORLUXOTTICA GROUP
Oakley Store Market Manager- Denver Market
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant (Denver)
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Wholesale - Analyst, Supply Chain (Vendor Compliance)
Permanent · PORT WASHINGTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · RALEIGH
ESSILORLUXOTTICA GROUP
Wholesale - Coordinator- Sales Operations (Rep Orders)
Permanent · PORT WASHINGTON
AMRG
Sales Supervisor - Full Time
Permanent · ROSEMONT
WALGREENS
Overnight Call Center Representative - Pharmacy (Onsite)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Part Time)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Full Time)
Permanent · CHANDLER
WALGREENS
Senior Manager, Merchandise Planning
Permanent · DEERFIELD
WALGREENS
Digital Commerce Associate Manager, Merchandising
Permanent · DEERFIELD
WALGREENS
General Warehouse Person Pendergrass Rfc
Permanent · PENDERGRASS
CALERES
Associate Manager - Famous Footwear
Permanent · MANKATO
NORTH CAROLINA STATE
County Extension Director
Permanent · GOLDSBORO
By
Reuters
Published
May 21, 2013
Reading time
2 minutes
Download
Download the article
Print
Text size

Urban Outfitters sales miss Wall Street estimates despite profit increase

By
Reuters
Published
May 21, 2013

Teen apparel retailer Urban Outfitters sales missed analysts' estimates even as reduced discounting helped shore up profit in the first quarter.

Shares of the company fell as much as 4 percent to $42.77 in post-market trading on Monday.

An unusually long winter in large parts of the United States has dampened demand for spring merchandise, which are a staple at Urban's stores that include Anthropologie and Free People.

"The weather in the West Coast was certainly warmer and more conducive to spring/summer purchasing than here on the East Coast and we did see some sales differential across all brands as a result of that," Chief Executive Officer Richard Hayne said on a post-earnings call.

(image: Urban Outfitters/Stephanie Sian Smith)

Overall sales jumped 14 percent to $648.2 million in the quarter, but missed the average analyst estimate of $655.7 million.

Analysts, however, were encouraged by an improved performance at the company's Anthropologie unit, which has come under criticism for its unattractive styles.

Comparable retail net sales rose 8 percent at Anthropologie and the business contributed 40 percent to total sales in the quarter.

"We moved away from dependence on the quirky, preppy look and emphasized other areas of our brand's aesthetic reach with softer, sensual, feminine looks as well as adding elements of bohemia," Anthropologie Group Chief Executive David McCreight said on the call.

Urban said its profit was helped by a fall in merchandise markdowns due to improved demand at Anthropologie and lower store occupancy expenses.

Net income rose 39 percent to $47.1 million, or 32 cents per share, in the quarter ended April 30.

Analysts on average had expected earnings of 29 cents per share, according to Thomson Reuters I/B/E/S.

"I think 14 percent (sales growth) is pretty terrific for a seasonally small quarter and they were able to leverage expenses," Morningstar analyst Jamie Katz said.

"It appears to me the merchandise is working."

Urban said comparable retail business net sales, which also include sales in its online business, rose 9 percent in the quarter.

Shares of the company closed at $44.49 on Monday on the Nasdaq. They have risen about 70 percent in one year, outpacing the 27 percent increase for the broader S&P 500.SPX index.

© Thomson Reuters 2024 All rights reserved.