Urban Outfitters sales miss expectations, shares drop 10%
today Nov 20, 2019
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% after the bell.
Net sales rose 1.4% to $987 million, below the average analyst expectations of $1 billion, according to IBES data from Refinitiv.
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