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Urban Outfitters announced net income of $34 million

Christian Fernsby ▼ | August 26, 2020
Total Company net sales for the three months ended July 31, 2020, decreased 16.5% over the same period last year to $803 million.
Urban Outfitters
Urban Outfitters   Total Company net sales for the three months decreased
“I’m pleased to announce URBN produced solid revenues and profits for the second quarter driven by strength in the digital channel,” said Richard A. Hayne, Chief Executive Officer. “Notably, all brands were profitable and enter the fall selling season with lean inventories and positive momentum,” finished Mr. Hayne.

Topics: Urban Outfitters

For the three months ended July 31, 2020, the gross profit rate decreased to 29.6% from 32.8% in the prior year’s comparable period.

Net income for the three months ended July 31, 2020, was $34 million.


 

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