Urban Outfitters posted stronger-than-expected fourth quarter earnings Tuesday, with sales over the holiday period. Urban Outfitters brand sales increased 4% from the same period last year, the group said, while Free People sales rose 4% and Anthropolgie Group sales edged 2% higher. Gross margin also improved for the period of 33.3%. However, guidance for the upcoming quarter was dismal where the company is forecasting first-quarter comps to be flat to down a low-single-digit.
Urban Outfitters’ slow start to the first quarter could “swing positive” in the second quarter due to the company’s ability to “pivot intra-season” and correct any inventory or
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