Urban Outfitters' Stock Falls After Profit, Same-store Sales Miss

Urban Outfitter's stock shed 4.9% in after-hours trade Monday, after the apparel retailer missed fiscal third-quarter profit and same-store sales expectations, citing disappointing results at its namesake stores. Net earnings for the quarter ended Oct. 31 declined to $47.1 million, or 35 cents a share, from $70.3 million, or 47 cents a share, in the year-earlier period, below the FactSet consensus analyst estimate of 41 cents a share. Net sales rose 5% to $814.5 million, above analyst forecasts of $811.2 million. Meanwhile, same-store sales fell 1%, compared with expectations that they would be flat, as a 7% decline in sales at Urban Outfitters stores offset a 15% increase at Free People and 2% growth at Anthropologie. The stock has lost 17% year to date through Monday, compared with a 2.5% gain in the SPDR S&P Retail ETF and a 10% rise in the S&P 500 .