Urban Outfitters, Inc. (URBN - Free Report) just released its latest quarterly financial results, posting adjusted earnings of 69 cents per share and revenues of $1.09 billion.
Currently, URBN is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently down 8.2% to $33.95 per share in after-hours trading shortly after its earnings report was released.
Urban Outfitters:
Beat earnings estimates. The company posted adjusted earnings of $0.69 per share, surpassing the Zacks Consensus Estimate of $0.63.
Matched revenue estimates. The company saw revenue figures of $1.09 billion, meeting our consensus estimate of $1.09 billion.
Comparable Retail segment sales increased 4% from the year-ago period, driven by double-digit growth in the digital channel and partially offset by negative retail store sales. Comps at Free People increased 8%, while Anthropologie comps gained 5% and Urban Outfitters comps increased 2%.
“I am pleased to announce that URBN produced record Q4 sales primarily driven by positive ‘comps’ at all three brands,” said CEO Richard A. Hayne. “We are particularly pleased with how well the brands transitioned in January. Positive customer reaction to the new spring fashion offerings at all our brands has been strong and makes us optimistic regarding the first half of the year.”
Here’s a graph that looks at Urban’s recent earnings performance:
Urban Outfitters, Inc. is an innovative specialty retailer and wholesaler which offers a variety of lifestyle merchandise to highly defined customer niches through stores in the United States. The company owns and operates stores and websites under the Urban Outfitters, Anthropologie, and Free People brands.
Check back later for our full analysis on URBN’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Urban Outfitters, Inc. (URBN - Free Report) just released its latest quarterly financial results, posting adjusted earnings of 69 cents per share and revenues of $1.09 billion.
Currently, URBN is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently down 8.2% to $33.95 per share in after-hours trading shortly after its earnings report was released.
Urban Outfitters:
Beat earnings estimates. The company posted adjusted earnings of $0.69 per share, surpassing the Zacks Consensus Estimate of $0.63.
Matched revenue estimates. The company saw revenue figures of $1.09 billion, meeting our consensus estimate of $1.09 billion.
Comparable Retail segment sales increased 4% from the year-ago period, driven by double-digit growth in the digital channel and partially offset by negative retail store sales. Comps at Free People increased 8%, while Anthropologie comps gained 5% and Urban Outfitters comps increased 2%.
“I am pleased to announce that URBN produced record Q4 sales primarily driven by positive ‘comps’ at all three brands,” said CEO Richard A. Hayne. “We are particularly pleased with how well the brands transitioned in January. Positive customer reaction to the new spring fashion offerings at all our brands has been strong and makes us optimistic regarding the first half of the year.”
Here’s a graph that looks at Urban’s recent earnings performance:
Urban Outfitters, Inc. is an innovative specialty retailer and wholesaler which offers a variety of lifestyle merchandise to highly defined customer niches through stores in the United States. The company owns and operates stores and websites under the Urban Outfitters, Anthropologie, and Free People brands.
Check back later for our full analysis on URBN’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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