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URBN — Urban Outfitters News Story

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Apparel retailer Urban Outfitters Q2 sales beat estimates

Overview

Urban Outfitters Q2 net sales rise 11.3% to $1.50 bln, beating estimates

Record net income of $143.9 mln reported for Q2, EPS at $1.58

Subscription segment sales surge 53.2%, boosting overall revenue growth

Result Drivers

RETAIL SALES GROWTH - Driven by mid single-digit positive growth in both retail store and digital channel sales

SUBSCRIPTION SURGE - 53.2% increase in net sales primarily due to a 48.1% rise in average active subscribers

WHOLESALE EXPANSION - 18.1% increase in sales driven by Free People sales to specialty customers

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$1.50 bln$1.47 bln (9 Analysts)
Q2 EPS$1.58
Q2 Net Income$143.86 mln
Q2 Gross Profit$566.16 mln
Q2 Operating Income$174.39 mln
Q2 Pretax Profit$183.27 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell" The average consensus recommendation for the apparel & accessories retailers peer group is "buy" Wall Street's median 12-month price target for Urban Outfitters Inc is $78.00, about 2.2% above its August 26 closing price of $76.26 The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nGNX6V1Wxv (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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