Nasdaq - URBN (Urban Outfitters) - queda de 17%
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Urban Outfitters (URBN) ($32.43) is trading down -14% today. This type of post-earnings volatility has become the norm for URBN now that the company no longer has a CFO that is providing almost daily sales and profitability trends to the sell-side analyst community.
http://seekingalpha.com/article/257060- ... urce=yahoo
- Mensagens: 35428
- Registado: 5/11/2002 12:21
- Localização: Barlavento
Nasdaq - URBN (Urban Outfitters) - queda de 17%
Hoje caiu quase 17%, depois de apresentar resultados aquém das expectativas.
Urban Outfitters hit after profit miss
March 8, 2011
By Andria Cheng, MarketWatch
NEW YORK (MarketWatch) — Retail stocks turned higher on Tuesday after oil futures pulled back from 29-month highs.
Still, Urban Outfitters Inc. was the biggest percentage decliner in the S&P 500 after it reported a shortfall in its fourth-quarter profit amid a fashion shift.
The parent of its namesake chain and Anthropologie said it had to increase discounts to clear excess inventory. The company said it may experience a continued increase in markdown levels until it successfully navigates the fashion shift and the margin pressure could be higher than it experienced. Read story on Fashion shift takes a toll on Urban Outfitters.
The apparel business won’t gain positive momentum for another three months, six months or longer, executives said on a conference call late Monday.
Brighter Retail Sales Highlight U.S. Week Ahead
After some encouraging same-store sales numbers, investors will look to the government's retail-sales report due March 11 to confirm the upbeat news. Kelsey Hubbard talks with MarketWatch retail reporter Andria Cheng.
Urban Outfitters fell 17% to $31.60, making it the biggest percentge decliner in the S&P 500.
Urban Outfitters Inc. reported late Monday fourth-quarter net income of $75.2 million, or 45 cents a share, down slightly from $77.7 million, or 45 cents, a year ago. There were 2.8% fewer shares outstanding compared to the year-earlier period.
Revenue for the three months ended January 31 rose 14% to $668.4 million.
Analysts polled by FactSet Research had expected the Philadelphia-based apparel retailer to earn 52 cents a share on $674.8 million in revenue. Gross margin narrowed by 2.1 percentage points, hurt by increased merchandise discounts to clear seasonal inventory. Comparable sales, including direct-to-consumer sales, rose 4% while comparable store net sales fell 2%, missing analysts’ estimates.
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- Mensagens: 35428
- Registado: 5/11/2002 12:21
- Localização: Barlavento
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