URBN - Why Urban Outfitters Shares Are Diving Premarket Wednesday | Benzinga
Urban Outfitters, Inc. (NASDAQ:URBN) shares are trading lower after the company reported fourth-quarter FY23 results.
Revenue of $1.486 billion, up 7.3% Y/Y, missed the consensus of $1.495 billion.
Total Retail segment net sales rose 6.2% Y/Y, with comparable Retail segment net sales increasing 4.9% Y/Y, aided by high single-digit growth in digital channel and low single-digit growth in retail store sales.
Wholesale segment net sales rose 3.3%, led by a 7.8% Y/Y increase ...