Urban Outfitters (NASDAQ: URBN) shares were trading 12% lower after-hours following Q3/21 results, with EPS coming in at $0.89, beating the consensus estimate of $0.84. Quarterly revenue grew 14.6% (compared to the same quarter two years ago) to $1.13 billion, slightly better than the consensus estimate of $1.12 billion.

Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in digital channel sales, partially offset by mid-single-digit negative retail store sales primarily due to reduced store traffic. By brand, comparable Retail segment net sales increased 55% at the Free People Group, 9% at the Anthropologie Group and 7% at Urban Outfitters.

CEO Richard Hayne also provided a positive view on month to date sales, saying November ‘comp’ sales to date for all brands have accelerated from their Q3 rate.