Urban Outfitters’ holiday sales came in below analysts' expectations.
The lifestyle retail company’s same-store sales at its Free People and Anthropologie outlets increased +8% and +5% respectively during the 2019 holiday season. However, comparable-store sales at the company’s eponymous stores declined -1%.
The retailer's overall sales climbed just under +3% during the holiday season, lagging analysts' expectations.
On Thursday, the company also reported lower-than-expected sales.
Urban Outfitters’ also warned of a possible thinner-than-expected profit margins for the fourth quarter.