(Finance) – The shares of the American clothing retailer appear under pressure on the Nasdaq Urban Outfitterswhich marked a drop of more than 10% in the pre-market circuit, after having gained approximately 3% in the after-hours session.
The youth clothing chain reported Better-than-expected second-quarter resultswith a EPS equal to 1.24 dollars against 1 dollar expected by the market, while the turnover rose 6.3% to 1.35 billion of dollars, just above the consensus of 1.34 billion of dollars.
Segment sales Retail increased by 3.1%, but Comparable growth disappointed which was 2%. The good performance of the Nuuly segment (+62.6%) and brands Anthropology (+7.4%) and Free People (+10.2%) partly offset the weakness of the main brand Urban Outfitters (-8.6%).
(Photo: Chinmay Wyawahare on Unsplash)