URBN Stock Recent News

Urban Outfitters, Inc. (NASDAQ:URBN) has continued its winning streak with record first-quarter earnings and sales results. It follows record-setting first, second and third-quarter sales in the previous financial year.

Urban Outfitters (URBN) shares jumped more than 6% in extended-hours trading Tuesday evening after the apparel retailer posted quarterly results that came in ahead of analysts' expectations amid strength in the company's non-namesake brands.

Urban Outfitters, Inc. (NASDAQ:URBN ) Q1 2025 Earnings Call Transcript May 21, 2024 5:15 PM ET Company Participants Oona McCullough - Executive Director of IR Richard Hayne - CEO Frank Conforti - Co-President and COO Melanie Marein-Efron - CFO Shea Jensen - President, Urban Outfitters, North America Tricia Smith - Global CEO, Anthropologie Group Sheila Harrington - Global CEO, Urban Outfitters & Free People Groups Dave Hayne - CTO, URBN and President, Nuuly Conference Call Participants Adrienne Yih - Barclays Matthew Boss - JPMorgan Mark Altschwager - Baird Katie Delahunt - Morgan Stanley Marni Shapiro - The Retail Tracker Dana Telsey - Telsey Advisory Group Ike Boruchow - Wells Fargo Janet Kloppenburg - JJK Research Jay Sole - UBS Operator Good day, ladies and gentlemen, and welcome to the Urban Outfitters, Inc. First Quarter Fiscal '25 Earnings Call. At this time, all participants are in a listen-only mode.

Although the revenue and EPS for Urban Outfitters (URBN) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Urban Outfitters (URBN) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.56 per share a year ago.

Shares of Urban Outfitters Inc. raced higher after hours on Tuesday after the clothing retailer reported first-quarter results that beat expectations — thanks to a continued sales lift from its Anthropologie and Free People women's clothing chains — and said that summer-season demand was strong.

PHILADELPHIA, May 21, 2024 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced net income of $61.8 million and record first quarter earnings per diluted share of $0.65 for the three months ended April 30, 2024. For the three months ended April 30, 2024, adjusted net income was $65.5 million and adjusted earnings per diluted share were $0.69. Adjusted net income and earnings per diluted share for the three months ended April 30, 2024, excludes store impairment and lease abandonment charges. See "Reconciliation of Non-GAAP Financial Measures" included at the end of this release.

Urban Outfitters kicks off youth apparel chain reports Tuesday night, with an earnings slowdown seen.

Note: Urban Outfitters' FY'24 ended in January 2024.

Urban Outfitters' (URBN) Q1 results are likely to reflect mid-single-digit sales growth, driven by a strong performance in its Nuuly segment and steady sales in Retail, offset slightly by a decline in wholesale segment.