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Flat comp and lower margins at Urban Outfitters in Q2

  • 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.
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Comments (1)
  • mathari
    , contributor
    Comments (207) | Send Message
    Another tough quarter.
    18 Aug, 07:37 PM Reply Like
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