— Urban Outfitters, Inc. (NASDAQ:URBN) reported earnings of $0.50 per share in the fourth quarter of 2020 vs. $0.63 per share expected.
— Q4 net sales grew 3.6% to $1.17 billion, in line with Wall Street projection.
— Comparable Retail segment net sales increased 4%, driven by growth in the digital channel.
— Total retail segment net sales increased 4%, while wholesale segment net sales decreased 10% in Q4.
— URBN shares tumbled 5.8% during after-market hours on Tuesday.
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’
The disruption caused by coronavirus has affected almost all sectors except business service providers like Cintas Corporation (NASDAQ: CTAS), which is busy helping clients maintain hygiene and safety during the
Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per