— 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.
Most Popular
Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?
The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive
General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward
Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to
IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million
It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management
