Urban Outfitters Expect High Single Digit Comparable-Store Sales for Q1, Shares Jump in Afterhours Trading
Lifestyle specialty retail chain, Urban Outfitters Inc. (NASDAQ: URBN) said on Monday that comparable-store sales in the first two months of the fiscal first quarter were very robust.
In its regulatory filing, the Philadelphia PA based Company, known for its namesake and Anthropologie, Terrain , Free People and some other brands, said sales at stores opened at least a year were expected to show a solid high single digit percentage growth for the fiscal first quarter. The quarter started on February 1 and the Company is expected to release fiscal first quarter results on May 20.
Shares of Urban Outfitters jumped 4.40% in afterhours trading on Monday.
Comparable-store sales is considered as one of the key gauges on retailer’s performance since it excludes the sales impact of those stores that were shuttered or opened less than 12-months ago. In other words, this matrix gives accurate information on Company’s health as it only focuses on stores sales that remained operational for reasonable period of time.
Earlier in March, when the Company announced its quarterly earnings for the fiscal fourth quarter ended January 31, it said that comparable-store-sales were flat. However, its total revenue from retail stores rose 9% while sales direct to consumers (e-commerce and catalog) climbed 44%.
At present, Urban Outfitters operates 215 namesake stores, 180 Anthropologie stores, 77 Free People stores, 2 BHLDN stores along with 2 Terrain Garden Centers. Each brand has also separate online sales division.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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