Urban Outfitters Inc. posted a solid first-quarter report card, citing top- and bottom-line gains and momentum on the Free People and Anthropologie groups.
Net income for the quarter ended April 30 jumped to $52.82 million from $31.53 million within the year-ago period. Earnings per diluted share rose to $0.56 from $0.33 a yr ago.
Total company net sales increased 5.9 percent to $1.11 billion, from $1.05 billion within the year-ago period.
The financial report, released after the stock market closed, apparently pleased investors who pushed the share price up 8 percent, or $2.16, to $28.82.
“The hostile operating environment of the last three years has finally abated,” Richard A. Hayne, chief executive officer, said during a conference call Tuesday after the outcomes were released....
Continue reading
0 Comments
