Following U.S. Stocks are among the “Top Gainers” during an Early trade Tuesday: Lumber Liquidators Holdings, (NYSE:LL), Urban Outfitters, (NASDAQ:URBN)
Urban Outfitters Inc. (NASDAQ:URBN), soared 8.38% in an early trade and is now trading at $42.82, hitting new 52-week high of $43.44, soon after a leading lifestyle specialty retail corporation operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, declared net revenue of $80 million and $232 million for the three months and year ended January 31, 2015, respectively. Earnings per diluted share were $0.60 and $1.68 for the three months and year ended January 31, 2015, respectively.
Total Corporation net sales for the fourth quarter of fiscal 2015 raised 12% over the same quarter last year to a record $1.01 billion. Comparable Retail segment net sales, which comprise our comparable direct-to-consumer channel, raised 6%. Comparable Retail segment net sales raised 18% at Free People, 6% at the Anthropologie Group and 4% at Urban Outfitters. Wholesale segment net sales rose 21%.
For the year ended January 31, 2015, total Corporation net sales raised 8% over the preceding year to a record $3.3 billion. Comparable Retail segment net sales raised 2%. Wholesale segment net sales raised 27%.
For the three months ended January 31, 2015, the gross profit rate reduced by 207 basis points as compared to the preceding year`s comparable period. The deleverage occurred primarily due to lower initial merchandise markups followed by higher markdowns, which were primarily driven by the underperformance at the Urban Outfitters brand. For the year ended January 31, 2015, the gross profit rate reduced by 227 basis points as compared to the preceding year`s comparable period. The deleverage occurred primarily due to lower initial merchandise markups, store occupancy deleverage due to negative store comparable net sales and higher markdowns, which were primarily driven by the underperformance at the Urban Outfitters brand.
Urban Outfitters, Inc., a lifestyle specialty retail corporation, is engaged in the retail and wholesale of general consumer products. The corporation operates in two segments, Retail and Wholesale.
On the other hand, Lumber Liquidators Holdings, Inc. (NYSE:LL), inclined nearly 13.31% in its early trade and is now trading at $31.67, following the news release that the largest specialty retailer of hardwood flooring in North America, declared an agenda for its business update conference call to be held on March 12, 2015 at 10:00 a.m. Eastern Time. The conference call will be accompanied by a slide presentation that will be accessible by about 7:00 a.m. on the morning of the call.
Lumber Liquidators Holdings, Inc., together with its auxiliaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
