Urban Outfitters (URBN) stock plunged 5.05% in after-hours trading on Wednesday, despite reporting in-line Q4 fiscal 2024 earnings and revenue.
The clothing retailer announced a partnership with Hanes to launch an exclusive Hanes Heritage capsule collection. While this new product line could drive some excitement, it does not appear to be a major catalyst for the after-hours sell-off.
More likely, investors were disappointed by the company's outlook and lack of significant upside in its Q4 results. Urban Outfitters' same-store sales growth of 5.1% was largely in line with recent trends, suggesting no major acceleration. And while earnings beat expectations, the retailer did not provide an exceptionally bullish forward guidance to justify further stock gains.
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