Retail chain Urban Outfitters, which opened five new locations last year, said it ended its fourth quarter with earnings per share of $0.80, beating analyst expectations of $0.79. The Philadelphia-based company reported $1.13 billion in sales, a slight increase from last year's fourth quarter.
"The fourth quarter closed what was an incredibly successful year for URBN and all of our brands," said CEO Richard A. Hayne.
Discount retailer, Ross Stores, with more than 1,400 stores nationwide, reported fourth quarter earnings per share of $1.20, beating analyst expectations of $1.12 expectation. Ross reported revenue of $4.1 billion with comparable store sales up 4% over the 13 weeks ended February 3, 2018.
"We achieved these results despite our own challenging multi-year comparisons and weakness in our Ladies apparel business during the holiday season," said CEO Barbara Rentler.
Shares of Ross are down 2% in after-hours trading. Urban Outfitters shares are up over 2%.