- Urban Outfitters (NASDAQ:URBN) reports comparable retail segment sales were flat in Q2.
- Revenue growth by brand: Urban Outfitters -2.4% to $328M; Anthropologie Group +8.9% to $347.7M; Free People +32% to $128.3M.
- Gross profit rate -194 bps to 37.4%.
- Inventory +4% Y/Y to $362M.
- The retailer saw SG&A expenses driven higher due to marketing and technology costs tied to growing website traffic.
- URBN -0.5% AH.
at CNBC.com (Nov 18, 2014)