Why Urban Outfitters Stock Jumped Today
The clothing company is outpacing its rivals.Shares of Urban Outfitters (URBN +13.80%) popped on Wednesday after the apparel seller reported strong fiscal third-quarter earnings. As of 2:40 p.m. EST, Urban Outfitters' stock price was up more than 13%. Urban Outfitters is enjoying broad-based growthUrban Outfitters' net sales leaped 12% to $1.5 billion in the quarter ended Oct. 31. The retailer saw solid revenue gains across its stores and online channels.Comparable sales at the company's Urban Outfitters, A ...