×
306
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
By
Reuters
Published
May 13, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters' first quarter beat fails to impress investors

By
Reuters
Published
May 13, 2010

By Nivedita Bhattacharjee

BANGALORE, May 13 (Reuters) - First-quarter profit at Urban Outfitters Inc (URBN.O) rose 72 percent and just about managed to top market estimates, but investors expecting more pulled the stock down as much as 5 percent.


Urban Outfitters - www.urbanoutfitters.com

The company, which pre-announced strong sales last week, also did not give out much color on quarterly trends till date, prompting some squeamishness about future performance.

"I think investors are a little disappointed that the beat was not larger," Wedbush Securities analyst Betty Chen said.

Urban's shares were down 4 percent at $37.77 Thursday 13 May on Nasdaq.

"In putting the pieces together, the market -- already concerned about the sustainability of the consumer revival -- may be saying that with increased upfront expenses and tougher earnings comparisons... upside potential is less of a probable outcome," Wall Street Strategies analyst Brian Sozzi said.

The company, which operates stores in the United States, Canada and Europe, expects to open roughly 45 new stores during the fiscal year.

Urban's bohemian clothes and home accessories remained a favorite with shoppers even when consumer spending was nose-diving, and with the economy on the mend now, the company saw sales rise 25 percent during the first quarter.

Philadelphia-based Urban, which had reported first-quarter revenue of $480 million on May 6, posted earnings of $53 million, or 31 cents a share -- a penny above Wall Street's estimates of 30 cents a share.

The operator of the Urban Outfitters, Anthropologie and Free People chains saw gross profit margins improve by 459 basis points.

Upscale retailers, ranging from jeweler Tiffany & Co (TIF.N) to department store owner Nordstrom Inc (JWN.N) and Urban's clothing store Anthropologie, have seen sales improve as high-income shoppers grow more confident in the economy. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Maju Samuel and Anthony Kurian)

© Thomson Reuters 2023 All rights reserved.