What to Expect When Urban Outfitters (URBN) Reports Earnings This Afternoon
NEW YORK (TheStreet) -- Shares of Urban Outfitters (URBN) - Get Report are up 1.21% to $39.36 in afternoon trading Monday, ahead of the specialty retailer's fourth quarter earnings release after the market closes today.
Analysts are expecting earnings of 58 cents per share for the period, a penny lower compared to the 59 cents the company reported in the year ago quarter.
Revenue is expected to come in at $1.01 billion, up from the year ago $905.86 million in sales Urban Outfitters posted.
On February 9, the company reported that fourth quarter comparable store sales rose 6% at its retail segment.
However, the company has seen a consistent decline in U.S. foot traffic as buyers increasingly prefer the convenience and cost savings of online shopping. This is a negative for Urban Outfitters, which depends on sales in brick and mortar locations.
The retailer has upped its e-commerce efforts, but online sales have slimmer profit margins.
Urban Outfitters is a Philadelphia-based lifestyle specialty retail company, operating under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands known for a range of eclectic merchandise.
The company sells women's and men's fashion apparel, footwear and accessories as well as a mix of apartment wares and gifts.