×
156
Fashion Jobs
H&M
PR & Communication Manager Nordics
Permanent · STOCKHOLM
H&M
Corporate Administrator
Permanent · STOCKHOLM
L'OREAL GROUP
Key Account Manager - Consumer Products Division - Stockholm
Permanent · Stockholm
ZALANDO
Head of Product Design, Connected Network (All Genders) (Stockholm)
Permanent · STOCKHOLM
H&M
Director, Area Manager - Site Tech Operations
Permanent · STOCKHOLM
H&M
dc HR Specialist – Employee Relations
Permanent · ESKILSTUNA
NAKD
Garment Technician
Permanent · GOTHENBURG
H&M
Construction Project Manager
Permanent · STOCKHOLM
DANIEL WELLINGTON
CRM Manager
Permanent · STOCKHOLM
NAKD
Head of Buying
Permanent · GOTHENBURG
ARKET
Operations Manager Café
Permanent · STOCKHOLM
H&M
Section Head/Buying Manager For h&m Beauty-External Brands
Permanent · STOCKHOLM
DANIEL WELLINGTON
Global Marketing Manager
Permanent · STOCKHOLM
NAKD
Supply & Demand Planner
Permanent · GOTHENBURG
NAKD
Purchasing Controller
Permanent · GOTHENBURG
ZALANDO
Principal Product Manager - Data Science (All Genders)
Permanent · STOCKHOLM
H&M
Art Director to h&m Studios
Permanent · STOCKHOLM
NAKD
Fashion Art Director
Permanent · GOTHENBURG
L'OREAL GROUP
Nordic E-Commerce Key Account Manager - l’Oréal Dermatological Beauty Division (Ldb) – Stockholm or Copenhagen
Permanent · STOCKHOLM
HERMÈS BENELUX-NORDICS
Beauty & Fragrance Ambassador Stockholm
Permanent · STOCKHOLM
ESPRIT
Visual Merchandiser/Sales Associate Väla
Permanent · Ödåkra
LEVI'S
Supervisor - New Store (Opening Soon) - nk Women´s
Permanent · Stockholm
By
Reuters
Published
Aug 14, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters Q2 beats Wall Street

By
Reuters
Published
Aug 14, 2008


Urban Outfitters

- Clothing and home goods retailer Urban Outfitters Inc posted a 79 percent jump in quarterly profit, beating market estimates, driven by strong same-store sales across all its branded stores and fewer markdowns that boosted gross profit margins.

The specialty retailer reported net income of $57.0 million, or 33 cents a share, for the second quarter ended July 31, compared with $31.9 million, or 19 cents a share, a year earlier.

Urban Outfitters, which competes with Aeropostale , American Eagle Outfitters and Abercrombie & Fitch , said net sales rose 30 percent to $454.3 million.

Analysts on average expected the company, which sells casual clothes, accessories, gifts, housewares and shoes, to earn 30 cents a share, before special items, on revenue of $434.2 million, according to Reuters Estimates.

Sales at stores open at least a year grew 13 percent during the quarter, with sales at the company's namesake stores, which cater to young adults, rising 19 percent.

Same-store sales at Anthropologie, which focuses on affluent women in their thirties, rose 7 percent, while comparable sales jumped 10 percent at Free People stores.

For the quarter, gross profit margins increased by 373 basis points, helped by improvements in initial merchandise cost, reductions in markdowns and leverage of store occupancy costs.

Shares of the Philadelphia-based company closed at $34.05 Wednesday on Nasdaq.

(Reporting by Anne Pallivathuckal in Bangalore; Editing by Himani Sarkar)

© Thomson Reuters 2023 All rights reserved.