Nordstrom, Urban Outfitters & more
A shopper wearing a protective face mask walks inside the Urban Outfitters retail store during Black Friday sales at Roosevelt Field shopping mall in Garden City, New York, November 26, 2021.
Shannon Stapleton | Reuters
Check out the companies making headlines after the bell:
Nordstrom — Shares of the department store tumbled more than 12% in extended trading after the company slashed its financial forecast for the full year. Nordstrom said it faces a glut of inventory that it must discount to move off shelves. The company did report fiscal second-quarter earnings and sales ahead of analysts’ estimates.
Urban Outfitters — The clothing retailer saw its shares fall about 3% in after-hours trading after an earnings miss. Urban Outfitters posted a quarterly earnings of 64 cents, missing the 68 cents analysts were looking for, according to Refinitiv. Its revenue came in at $1.18 billion, matching expectations.
La-Z-Boy — Shares of the furniture retailer jumped as much as 9% in extended trading after its quarterly earnings and sales beat estimates. La-Z-Boy said its retail segment sales rose 30% to $236 million, marking an all-time quarterly record.