×
4 498
Fashion Jobs
ANN TAYLOR
pt Sales/Team Lead Supervisor
Permanent · Williamsburg
MARSHALLS
70118-lp Detective Pembroke Pines
Permanent · Pembroke Pines
MARSHALLS
70118-lp Detective Aventura
Permanent · Aventura
COTY
Leader Technical Equipment Manager
Permanent · Cockeysville
LA MER
Executive Director, Global Ecommerce, la Mer Online
Permanent · New York
L.L.BEAN INC.
cs Performance Support Consultant And Analyst
Permanent · Portland
NORDSTROM INC
Data Analyst 2 - Finance Data & Reporting
Permanent · Washington
COTY
Logistics Manager
Permanent · Cockeysville
L BRANDS
Procurement Buyer - Information Technology
Permanent · Columbus
NORDSTROM INC
Business Intelligence Analyst - Merchandise Operations
Permanent · Seattle
NORDSTROM INC
District Loss Prevention Manager, ny
Permanent · New York
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
By
Reuters
Published
Aug 19, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters reports surprise rise in comparable sales

By
Reuters
Published
Aug 19, 2016

Apparel retailer Urban Outfitters Inc reported a surprise rise in quarterly comparable sales, driven by higher demand for its namesake brand.



Shares of the company, which also posted better-than-expected quarterly sales and profit, rose nearly 10 percent in after-hours trading on Tuesday.

Urban Outfitters' comparable sales rose 1 percent in the second quarter ended July 31. Analysts on average had expected comparable sales to fall 1.2 percent, according to research firm Consensus Metrix.

The Philadelphia-based retailer said comparable sales at the Urban Outfitters line, the company's second-biggest brand by sales, rose 5 percent, handily beating the 1.10 percent analysts on average had expected.

Urban Outfitters is attempting to draw back shoppers - who have shifted to online shopping and fast-fashion brands such as H&M, Inditex's Zara and Forever 21 - by adding bars, restaurants and hair salons to its stores.

"A focus on growth categories like the sporting and athleisure aesthetic, which UO has tapped into with its own active line and with brands like Adidas, have also afforded it some traction with consumers," Carter Harrison, analyst at research firm Conlumino, said.

The company's gross profit rate increased in the quarter, primarily driven by fewer promotions at the Urban Outfitters and Anthropologie brands.

The company's net income rose to $76.9 million, or 66 cents per share, from $66.8 million, or 52 cents per share, a year earlier.

Net sales at the company rose 2.7 percent to $890.6 million.

Analysts on average had expected earnings of 56 cents per share and revenue of $886.4 million, according to Thomson Reuters I/B/E/S.

The company's shares closed unchanged at $31.24 on Tuesday. The stock had gained more than a third of its value this year.

© Thomson Reuters 2021 All rights reserved.