Shares in Urban Outfitters jumped nearly 10 per cent in after-hours trading on a better-than-expected set of quarterly results.
The retailer, a favourite with hipsters, reported comparable sales rose one per cent in the three months ended 31 July. This smashed analysts' expectations for a fall of 1.2 per cent, according to research firm Consensus Metrix.
Second-quarter comparable sales at its own Urban Outfitters line swelled five per cent, also ahead of analysts' forecasts for 1.10 per cent.
Net sales rose 2.7 per cent to $890.6m during this period, while net income rose swelled 15.12 per cent to $76.9m.
"I am pleased to announce our teams delivered record second quarter sales and earnings per share," Richard Hayne, the group's chief executive, said.
"These results were driven by a positive retail segment 'comp' and substantial improvement in merchandise margins," he added.