Urban Outfitters (URBN) Sinks Nearly 14% on Warning

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Go back to Urban Outfitters (URBN) Sinks Nearly 14% on Warning

URBN Business Update

October 16, 2014 4:01 PM EDT

PHILADELPHIA, Oct. 16, 2014 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. ("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.

Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches... More