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Urban Outfitters First-Quarter Sales Beat Estimates

Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.
An Urban Outfitters store
An Urban Outfitters store | Source: Shutterstock (Shutterstock)
By
  • Reuters

NEW YORK, United States — Apparel retailer Urban Outfitters Inc reported quarterly sales that beat analysts' estimates on Tuesday, driven by higher sales on its online platform and at its stores.

Net income rose to $41.3 million, or 38 cents per share, in the first quarter ended April 30, from $11.9 million, or 1 cent per share, a year earlier.

Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million, according to Thomson Reuters I/B/E/S.

By Nivedita Balu; Editor: Shounak Dasgupta.

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