Urban Outfitters rises after reporting higher holiday sales

Urban Outfitters

13/01/2025 14:13

** Apparel retailer Urban Outfitters'  URBN.O  shares rise
~3% to $58.70 premarket
    ** Co posts an increase of 10% in net sales for the two
months ended Dec. 31, 2024 vs the same period a year ago
    ** Says that in the two months, retail segment net sales
rose 7%
    ** Co's rental service Nuuly's net sales increased 55%,
driven by a 53% y-o-y increase in average active subscribers,
and wholesale segment net sales increased 29%, driven by higher
sales to specialty customers and department stores
    ** URBN rose ~54% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))