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Urban Outfitters Inc. Misses Q1 Expectations by $20 Million; CEO to Retire

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Despite reporting what it hailed as record Q1 sales, Urban Outfitters Inc. missed Wall Street’s expectations by $20 million. First-quarter revenue was up 7.7% to $739 million. Earnings per share of $0.25 were short of analysts’ predictions of $0.30 per share. Urban Outfitters shares fell by more than 14% in …

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Stein Mart Q1 Earnings Match Estimates

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Jacksonville, Fla.–Despite a rise in sales, Stein Mart, Inc. reported a lower Q1 profit, reflecting higher advertising and store selling expenses. Comparable store sales increased 2.6%. Adjusted earnings matched analysts’ expectations, while revenues came above view. Total sales for Q1 were $328.9 million compared to $321.4 million for the first quarter …