Urban Outfitters reports drop in Q2 sales and profit

Urban Outfitters, Inc., which operates a portfolio of brands including Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters and Nuuly, has announced net income of 60 million dollars and 93 million dollars for the three and six months ended July 31, 2019, respectively compared to 93 million dollars and 134 million dollars in the previous year. Earnings per diluted share were 61 cents and 91 cents for the three and six months, respectively compared to 84 cents and 1.22 dollars in 2018.