×
176
Fashion Jobs
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
By
Reuters
Published
May 21, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters sales miss Wall Street estimates despite profit increase

By
Reuters
Published
May 21, 2013

Teen apparel retailer Urban Outfitters sales missed analysts' estimates even as reduced discounting helped shore up profit in the first quarter.

Shares of the company fell as much as 4 percent to $42.77 in post-market trading on Monday.

An unusually long winter in large parts of the United States has dampened demand for spring merchandise, which are a staple at Urban's stores that include Anthropologie and Free People.

"The weather in the West Coast was certainly warmer and more conducive to spring/summer purchasing than here on the East Coast and we did see some sales differential across all brands as a result of that," Chief Executive Officer Richard Hayne said on a post-earnings call.

(image: Urban Outfitters/Stephanie Sian Smith)

Overall sales jumped 14 percent to $648.2 million in the quarter, but missed the average analyst estimate of $655.7 million.

Analysts, however, were encouraged by an improved performance at the company's Anthropologie unit, which has come under criticism for its unattractive styles.

Comparable retail net sales rose 8 percent at Anthropologie and the business contributed 40 percent to total sales in the quarter.

"We moved away from dependence on the quirky, preppy look and emphasized other areas of our brand's aesthetic reach with softer, sensual, feminine looks as well as adding elements of bohemia," Anthropologie Group Chief Executive David McCreight said on the call.

Urban said its profit was helped by a fall in merchandise markdowns due to improved demand at Anthropologie and lower store occupancy expenses.

Net income rose 39 percent to $47.1 million, or 32 cents per share, in the quarter ended April 30.

Analysts on average had expected earnings of 29 cents per share, according to Thomson Reuters I/B/E/S.

"I think 14 percent (sales growth) is pretty terrific for a seasonally small quarter and they were able to leverage expenses," Morningstar analyst Jamie Katz said.

"It appears to me the merchandise is working."

Urban said comparable retail business net sales, which also include sales in its online business, rose 9 percent in the quarter.

Shares of the company closed at $44.49 on Monday on the Nasdaq. They have risen about 70 percent in one year, outpacing the 27 percent increase for the broader S&P 500.SPX index.

© Thomson Reuters 2022 All rights reserved.