Urban Outfitters (URBN) Shares Dropped 12% Despite Q3 EPS Beat, Positive November Outlook
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URBN Reports Record Sales; Record Profits
November 22, 2021 4:05 PM ESTPHILADELPHIA, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ: URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly Rent, Nuuly Thrift and Menus & Venues brands, today announced net income of $89 million and record third quarter earnings per diluted share of $0.89 for the three months ended October 31, 2021. For the nine months ended October 31, 2021, net income was $270 million and record first nine-month period earnings per diluted share were $2.71.
Due to the... More
