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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$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.)