Urban Outfitters (URBN) Issues Q3 Warning
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Price: $72.85 -2.06%
Revenue Growth %: +10.0%
Financial Fact:
Selling, general and administrative expenses: 224.3M
Today's EPS Names:
EDXC, BICX, FBPI, More
Revenue Growth %: +10.0%
Financial Fact:
Selling, general and administrative expenses: 224.3M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Urban Outfitters (NASDAQ: URBN) announced today that third quarter negative comparable retail segment net sales, as reported in its Form 10-Q filed in early September 2014, has continued quarter-to-date. Due to the lower than expected sales, URBN believes its gross profit margin may deleverage for the third quarter at a rate greater than during the first half of the year. If this were to occur, the Company's third quarter earnings would be negatively impacted.
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