Urban Outfitters (NASDAQ: URBN) showed why its stock has done well while others in retail have floundered for much of the last quarter. The apparel store posted earnings of $0.32 EPS on 29% revenues growth to $465.4 million, and First Call estimates were $0.29 and $463.5 million consensus. This was also record earnings for the quarter.
The company had already shown comparable sales cumulatively generating an 11% gain, and were broken down as 6% at Urban Outfitters, 18% at Anthropologie, and 19% at Free People.
Shares are trading up 6% initially this morning at $31.18, and that is nearly a 52-week high with a 52-week trading range of $19.20 to $31.32. If these prices hold on the stock, this will mark more than a 25% share gain since the January lows.
Jon C. Ogg
March 6, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
