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Urban Outfitters Surges on Strong Q4 Earnings
26 Feb
Summary
- Fourth-quarter adjusted earnings per share reached $1.43.
- Total sales for the fourth quarter amounted to $1.8 billion.
- All three retail chains reported increased same-store sales.
Urban Outfitters experienced a notable surge in its stock price in after-hours trading on Wednesday. This rise followed the company's announcement of fourth-quarter financial results that surpassed analyst expectations.
The apparel retailer, which also operates the Anthropologie and Free People brands, reported impressive fourth-quarter figures. Adjusted earnings per share stood at $1.43, accompanied by total sales of $1.8 billion.
A key driver of this success was a strong performance in same-store sales, which collectively rose by 5.5%. The company's flagship Urban Outfitters stores were particularly strong performers, achieving a 9.6% increase in same-store sales, a significant turnaround from the previous year's decline.
