Investing.com -- Urban Outfitters Inc (NASDAQ:URBN) shares were rising after it beat expectations for the second quarter as same store sales rose.
The apparel retailer reported earnings per share of $1.10 on revenue of $1.27 billion. Analysts expected earnings per share of 89 cents and revenue of $1.25B. Revenue was up 8% from the same quarter last year.
Shares rose 2% in after-hours trading. They are up 43% so far this year.
Comparable retail segment net sales rose 5%, driven by growth in retail store and online sales. By brand, comparable retail segment net sales rose nearly 27% at Free People Group and 11% at Anthropologie Group. Sales fell 14% at Urban Outfitters.
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