Press Release:
PHILADELPHIA, Oct. 16, 2014 (GLOBE NEWSWIRE) — Urban Outfitters, Inc. (“URBN’) announced today that third quarter negative comparable retail segment net sales, as reported in its Form 10-Q filed in early September 2014, has continued quarter-to-date. Due to the lower than expected sales, URBN believes its gross profit margin may deleverage for the third quarter at a rate greater than during the first half of the year. If this were to occur, the Company’s third quarter earnings would be negatively impacted.
Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 235 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 194 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 98 Free People stores in the United States and Canada, catalogs and websites; Free People wholesale, which sells its product to approximately 1,400 specialty stores and select department stores worldwide; and 2 Terrain garden centers and a website, as of September 30, 2014.
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