Flat comp and lower margins at Urban Outfitters in Q2

|About: Urban Outfitters, Inc. (URBN)|By:, SA News Editor

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.