Urban Outfitters late Monday reported November-December sales rose 10% vs. a year earlier. URBN stock jumped to a two-year high.
Retail segment net sales grew 8%, with comparable retail segment sales up 6%.
Early Monday, fellow young-adult apparel retailers Abercrombie & Fitch and American Eagle Outfitters gave upbeat updates.
Abercrombie said it expected "high teens" sales growth in the holiday fourth quarter vs. its prior target for "low double digits." For the year, it sees 14%-15% sales growth, up from a previous range of 12%-14%.
American Eagle said Q4 revenue through Dec. 30 was up about 8%. It now sees revenue up in the low double digits in the January-ended quarter.
URBN Stock
URBN stock jumped 8.3% to 38.87 Tuesday morning, hitting a two-year high. That moved back above a 36.10 cup-with-handle buy point as well as an alternate entry of 38.13.
URBN stock rose 4.4% to 35.90 on Monday, likely in sympathy with Abercrombie and American Eagle. That pushed shares back above their 50-day line.
ANF stock edged down 0.3% on Tuesday after rising 6.3% to 96.22 on Monday, hitting a fresh record high.
AEO stock dipped 0.45% Tuesday after spiking 6.15% on Monday to 21.06, rebounding from the 10-week line and briefly setting a 22-month best.
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