Urban Outfitters (URBN) Q3 Sales Below Consensus

November 7, 2006 7:15 AM EST
Urban Outfitters, Inc. (NASDAQ: URBN) said total sales for the third quarter increased by 7% over the same period last year to $308.4 million. The consensus is $328.14 million.

By brand, ``comp'' store sales decreased by 10% at Anthropologie, 10% at Urban Outfitters and increased by 9% at Free People. In the prior year's third quarter, ``comps'' rose by 13% and, by brand, increased by 7%, 19% and 21%, respectively.

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