Why Urban Outfitters Stock Just Crashed 10%
Urban Outfitters(URBN) The Motley Fool·2024-08-22 22:50
Weak sales at Urban Ouftitters are a concern. Debt and weak free cash flow are even more of a concern.Urban Outfitters (URBN -10.66%) stock tumbled 10% through 10:10 a.m. ET Thursday morning, despite the company beating analyst forecasts for second-quarter sales and earnings last night.Heading into the results, analysts forecast the teen retailer would earn 1.34 billion. In fact, profits were a superb 1.35 billion. Sal ...