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Urban Outfitters Inc. (URBN - Free Report) just releases its first quarter fiscal 2018 financial results, posting earnings of 13 cents per share and revenues of $761 million. Currently, URBN is a #3 (Hold) on the Zacks Rank, and is down 1.76% to $20.10 per share in trading shortly after its earnings report was released.
Urban Outfitters:
Missed earnings estimates. The company reported earnings of 13 cents per share, falling short of the Zacks Consensus Estimate of 16 cents per share. This number excludes 3 cents from non-recurring items.
Missed revenue estimates. The company saw revenues of $761 million, lagging behind our consensus estimate of $772 million and were flat compared to the same quarter last year.
Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, decreased 3.1%. Breaking it down by brand, comps increased 1.5% at Free People, but decreased 3.1% at Urban Outfitters and 4.4% at the Anthropologie.
Urban’s gross profit rate decreased 284 basis points versus the prior year’s comparable period. The decline in gross profit rate was driven by higher markdowns due to under-performing women’s apparel and accessories product at Anthropologie and Urban Outfitters, among other deleveraging concerns.
“During the first quarter, we continued to see strong double-digit growth from our direct-to-consumer channel and our wholesale business," said Richard A. Hayne, Chief Executive Officer. “We believe we have significant opportunity to continue to grow both of these channels at all of our brands,” finished Mr. Hayne.
Here’s a graph that looks at Urban Outfitters’ price, consensus, and EPS surprise:
Urban Outfitters, Inc. Price, Consensus and EPS Surprise
Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company's wholesale business designs and markets young women's casual wear which it provides to the company's retail operations and sells to specialty retailers worldwide.
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Urban Outfitters (URBN) Misses Q1 Earnings & Revenue Estimates, Stock Down
Urban Outfitters Inc. (URBN - Free Report) just releases its first quarter fiscal 2018 financial results, posting earnings of 13 cents per share and revenues of $761 million. Currently, URBN is a #3 (Hold) on the Zacks Rank, and is down 1.76% to $20.10 per share in trading shortly after its earnings report was released.
Urban Outfitters:
Missed earnings estimates. The company reported earnings of 13 cents per share, falling short of the Zacks Consensus Estimate of 16 cents per share. This number excludes 3 cents from non-recurring items.
Missed revenue estimates. The company saw revenues of $761 million, lagging behind our consensus estimate of $772 million and were flat compared to the same quarter last year.
Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, decreased 3.1%. Breaking it down by brand, comps increased 1.5% at Free People, but decreased 3.1% at Urban Outfitters and 4.4% at the Anthropologie.
Urban’s gross profit rate decreased 284 basis points versus the prior year’s comparable period. The decline in gross profit rate was driven by higher markdowns due to under-performing women’s apparel and accessories product at Anthropologie and Urban Outfitters, among other deleveraging concerns.
“During the first quarter, we continued to see strong double-digit growth from our direct-to-consumer channel and our wholesale business," said Richard A. Hayne, Chief Executive Officer. “We believe we have significant opportunity to continue to grow both of these channels at all of our brands,” finished Mr. Hayne.
Here’s a graph that looks at Urban Outfitters’ price, consensus, and EPS surprise:
Urban Outfitters, Inc. Price, Consensus and EPS Surprise
Urban Outfitters, Inc. Price, Consensus and EPS Surprise | Urban Outfitters, Inc. Quote
Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company's wholesale business designs and markets young women's casual wear which it provides to the company's retail operations and sells to specialty retailers worldwide.
5 Trades That Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today, Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>