Urban Outfitters Shares Sink on Disappointing Sales Growth
Posted on AllSides August 22nd, 2024
From The Left
Urban Outfitters Inc. shares slid after the owner of the Anthropologie and Free People brands posted quarterly sales growth that came in below Wall Street’s expectations.
The shares fell as much as 12% in premarket trading in New York after the company reported Wednesday that comparable sales in its retail segment rose 2%, below analysts’ average estimate of 2.94%. Comparable sales at its core Urban Outfitters brand also came in below expectations.
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