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Urban Outfitters Sees Q3 Sales Boost Despite Sluggish Store Traffic

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Urban Outfitters generated a record $1.13 billion in the third quarter, a nearly 17 percent net sales boost compared to the $969.6 million driven in the three-month period last year. Yet despite beating Wall Street sales and earnings projections—with net income coming in at $88.9 million on record earnings per diluted share of 89 cents—stock…

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