Urban Outfitters Inc.’s comparable sales rose far less than expected the third quarter as demand for its Anthropologie brand was weaker, the apparel retailer said.
Net income jumped to $52 million, or 42 cents per share, in the third quarter ended October 31 from $47.1 million or 35 cents per share last year.
The retailer’s net income jumped to $825.3 million from $814.5 million, while comparable sales rose 1%.
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