URBN Stock Recent News

In the closing of the recent trading day, Urban Outfitters (URBN) stood at $39.10, denoting a +0.46% change from the preceding trading day.

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Count Urban Outfitters Inc. (URBN) as the latest fashion retailer to report strong 2023 holiday sales. The news sent shares higher Tuesday.

Urban Outfitters (URBN) witnesses strong holiday sales, marked by increased Retail and Nuuly segment sales, and strategic expansion.

Urban Outfitters reported November-December sales rose 10% vs. a year earlier.

Shares of Urban Outfitters Inc. URBN, +4.42% jumped after hours on Monday after the clothing retailer reported a 10% year-over-year sales gain through November and December. The company said same-store sales during that period jumped 20% at its Free People stores and 14% at Anthropologie, while falling 13% at Urban Outfitters, which has continued to struggle as it tries to be more relevant to younger consumers.

Urban Outfitters (URBN) is excelling in the market, propelled by strategic growth, retail initiatives, and advancements in digital and consumer operations despite cost challenges.

Note: Urban Outfitters' FY'23 ended on January 31, 2023.

URBN has gained significant traction among consumers with its diverse portfolio of brands, leading to impressive revenue and profit growth. Q3 FY2024 results showed strong performance, with the Free People brand as the top performer and the Nuuly brand experiencing significant revenue growth. Despite a decline in revenues for the Urban Outfitters brand, URBN has shown a positive growth trajectory and has the potential to exceed market estimates in the future.