Urban (URBN) Outfitters Soars 13.5% on Strong Q3

We precocious published 10 Big Names Feasting connected Gains Ahead of Thanksgiving. Urban Outfitters, Inc. (NASDAQ:URBN) is 1 of the best-performing stocks connected Wednesday.

Urban Outfitters rallied for a 2nd time connected Wednesday, climbing 13.54 percent to decorativeness astatine $77.56 apiece pursuing a beardown net show successful the 3rd 4th of the year.

In an updated study connected the aforesaid day, Urban Outfitters, Inc. (NASDAQ:URBN) said it netted $116 cardinal during the period, marking a 12.7 percent leap from the $102.9 cardinal successful the aforesaid play past year.

Net income surged by 12 percent to $1.529 cardinal from $1.362 cardinal year-on-year connected the backmost of beardown income crossed each of its brands.

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By segment, nett income from retail remained the strongest, up 9.6 percent year-on-year astatine $1.296 cardinal versus $1.182 billion. Subscription conception stood astatine $144.6 million, oregon a 48.7 percent leap from $97.2 million, portion the wholesale conception grew by 7.5 percent to $88.27 cardinal from $82.07 million.

Earnings per stock stood astatine $1.28, oregon 16 percent higher than the $1.10 successful the aforesaid 4th past year.

“We are pleased to study grounds revenues, profits, and net per stock for the quarter,” said Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne. “Trends observed past 4th person remained accordant with broad-based comparable income maturation and robust results successful the Retail, Subscription, and Wholesale segments. These results underscore the spot of our diversified concern model, which enables america to proceed capturing marketplace stock and thrust accordant semipermanent growth,” helium added.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.