Urban Outfitters Sales Boosted by Namesake Brand’s Growth

Urban Outfitters URBN 9.79%increase; green up pointing triangle recorded higher earnings and revenue in the third quarter, as its namesake brand led same-store sales growth.

The apparel and home goods retailer on Tuesday posted a profit of $116.4 million, or $1.28 a share, in the quarter ended Oct. 31, compared with $102.9 million, or $1.10 a share, a year earlier. Analysts polled by FactSet expected $1.19 a share.