09:04 AM EDT, 08/22/2024 (MT Newswires) -- (Updates to add recent stock move in the headline and first paragraph and same-store sales and Capital IQ estimate in the second paragraph.)

Urban Outfitters ( URBN ) shares were down more than 14% pre-bell Thursday after the company posted late Wednesday lower-than-expected comparable sales growth for fiscal Q2.

The fast fashion retailer said its fiscal Q2 comparable sales grew by 2%, slower than the 2.3% growth expected by Capital IQ analysts.

Urban Outfitters ( URBN ) reported fiscal Q2 earnings of $1.24 per diluted share, up from $1.10 a year earlier.

Analysts polled by Capital IQ expected $1.

Net sales for the quarter that ended July 31 were $1.35 billion, up from $1.27 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.34 billion.

Price: 35.77, Change: -5.71, Percent Change: -13.77