Wednesday, May 23, 2018

Urban Outfitters’ profit more than triples, sales jump 12%

Chain Store Age
Urban Outfitters Inc. posted a strong start to 2018, with surging first-quarter sales online and off.

Total sales jumped 12.4% to $855.7 million, beating analysts’ average estimate of $838.1 million. Comparable retail segment sales increased 10%, driven by strong, double-digit growth in the digital channel and positive retail store sales.. . . more