Urban Outfitters says fourth-quarter comparable sales up so far
(Reuters) - Teen apparel retailer Urban Outfitters Inc (URBN.O) said in a filing on Tuesday that comparable sales in its retail segment were up so far by a "mid-single-digit" percentage in the fourth quarter, which includes the holiday season.
Shares rose 3.5 percent to $37 in afterhours trading.
Urban Outfitters in November warned of a squeeze on fourth-quarter margins as a tough holiday season could force it to discount more. The retailer had reported a 1 percent decline in comparable sales for the third quarter.