Yahoo Finance

Shares of Urban Outfitters surged Thursday after the fashion retailer reported better-than-expected earnings in the fiscal first quarter and asserted it was well-positioned to navigate an uncertain economic landscape. Sales rose 10.7% from the previous year to $1.33 billion, beating the $1.29 billion Wall Street had forecast, according to FactSet. “We haven’t seen any signs of a demand slowdown,” CEO Richard Allen Hayne said on the earnings call, adding that customers “continued to show resilience” during the first quarter.