Urban Outfitters Reports Unexpected Q2 Profit
Update: 2025-10-09
Description
No-moat Urban Outfitters reported an unexpected profit in the second quarter of fiscal 2021 as sales declines were less than Morningstar had feared.Although sales dropped 17% on virus-related store closures and sparse wholesale orders, the result was better than our forecast of a 29% decline as all ....
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