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Urban Outfitters Inc.

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Urban Outfitters’ better-than-expected second-quarter fiscal 2016 bottom-line results, helped regain the momentum lost in the first quarter, wherein it had delivered a negative earnings surprise of 16.7%. Top-line growth and increased share buyback activity aided the performance. However, management warned that foreign currency headwinds may hurt fiscal 2016 earnings per share. During the quarter, adverse currency fluctuations hurt the rate of sales growth by roughly 165 basis points. Nevertheless, the company remains committed toward improving comps, investing in direct-to-consumer business, enhancing productivity in existing channels as well as adding new brands and optimizing the inventory level. The company intends to increase wholesale operations and augment e-Commerce activities.

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