Urban Outfitters, Inc. (URBN - Free Report) just released its latest quarterly financial results, posting earnings of 38 cents per share and revenues of $856 million.
Currently, URBN is a Zacks Rank #2 (Buy), but that could change based on today’s results. Shares of the company have gained about 9% over the past month but lost 2.5% during regular trading hours today.
The stock is currently down 1.3% to $40.65 per share in after-hours trading shortly after its earnings report was released.
Urban Outfitters:
Beat earnings estimates. The company posted earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.30. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $855.7 million, topping our consensus estimate of $837.1 million. Total revenue was up about 12.4% year over year.
Comparable Retail segment sales increased 10%. Comps were boosted by “double-digit” growth in the digital channel and positive retail store results. Comps increased 15% at Free People, 10% at Anthropologie, and 8% at Urban Outfitters.
“We are pleased to report record first quarter sales driven by a 10% increase in comparable Retail segment sales and a 13% increase in wholesale sales,” said CEO Richard A. Hayne. “Even more exciting is our 280% jump in first quarter EPS, a result of strong sales, healthy margin improvement, SG&A leverage and a lower tax rate”
Here’s a graph that looks at Urban’s recent earnings performance:
Urban Outfitters is a specialty retailer and wholesaler offering a variety of lifestyle merchandise to highly defined customer niches through Urban Retail stores in the United States, Canada, and Europe; an Urban Outfitters website; Anthropologie retail stores in the United States; and Free People, the company's wholesale division.
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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Urban Outfitters, Inc. (URBN - Free Report) just released its latest quarterly financial results, posting earnings of 38 cents per share and revenues of $856 million.
Currently, URBN is a Zacks Rank #2 (Buy), but that could change based on today’s results. Shares of the company have gained about 9% over the past month but lost 2.5% during regular trading hours today.
The stock is currently down 1.3% to $40.65 per share in after-hours trading shortly after its earnings report was released.
Urban Outfitters:
Beat earnings estimates. The company posted earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.30. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $855.7 million, topping our consensus estimate of $837.1 million. Total revenue was up about 12.4% year over year.
Comparable Retail segment sales increased 10%. Comps were boosted by “double-digit” growth in the digital channel and positive retail store results. Comps increased 15% at Free People, 10% at Anthropologie, and 8% at Urban Outfitters.
“We are pleased to report record first quarter sales driven by a 10% increase in comparable Retail segment sales and a 13% increase in wholesale sales,” said CEO Richard A. Hayne. “Even more exciting is our 280% jump in first quarter EPS, a result of strong sales, healthy margin improvement, SG&A leverage and a lower tax rate”
Here’s a graph that looks at Urban’s recent earnings performance:
Urban Outfitters is a specialty retailer and wholesaler offering a variety of lifestyle merchandise to highly defined customer niches through Urban Retail stores in the United States, Canada, and Europe; an Urban Outfitters website; Anthropologie retail stores in the United States; and Free People, the company's wholesale division.
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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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