Urban Outfitters Inc.'s (URBN) strategic initiatives, particularly through FP Movement and Nuuly, have positioned the company for sustained growth and market leadership. The impressive first-quarter fiscal 2025 results and forward-looking strategies reflect a strong consumer response and a well-rounded approach to retail expansion, digital engagement and sustainability. With continued investments in key growth areas, Urban Outfitters is poised to maintain its competitive edge and drive long-term success. De ...

Urban Outfitters, Inc. (URBN) reported impressive results for first-quarter fiscal 2025, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Also, these metrics improved from the prior-year quarter. Urban Outfitters is focusing on improving its profitability and customer base through strategic pricing adjustments and enhanced marketing strategies, particularly in digital channels. Shares of this Philadelphia, PA-based player have gained 29.9% in the past six months compared with the ind ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Key Takeaways 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. For the three month period ending April 30, the company reported adjusted earnings of 69 cents per shares, beating Wall Street forecasts of 53 cents a share. Revenue in the quarter increased 7.8% to $1.2 billion, edging past the Street expectation of $1.18 ...

Financial Data and Key Metrics - Total URBN sales grew by 8% to a Q1 record of $1.2 billion, driven by a retail segment comp of 5% [63] - Adjusted operating income increased 11% YoY to $79 million, and adjusted earnings jumped 23% to $66 million or $0.69 per diluted share [9] - Gross profit margin increased by 106 basis points to 34.4%, driven by improved initial margins across brands, partially offset by higher markdowns at Urban Outfitters [92] - SG&A expenses increased 11% YoY, deleveraging by 87 basis points, primarily due to Urban Outfitters' inability to reduce SG&A at the same rate as sales declined [64] Business Line Performance - Anthropologie delivered a 10% retail segment comp and 11% total revenue growth, marking its fifth consecutive quarter of double-digit comp growth [57] - Free People achieved a 17% retail segment comp growth, driven by double-digit growth in both digital and store channels [10] - FP Movement posted 25% retail segment comp growth, with strong sales and improved margins [94] - Nuuly added over 50,000 active subscribers, ending the quarter with 244,000 active subscribers and 224,000 average active subscribers [12] - Urban Outfitters recorded a 14% retail segment comp decline, driven by double-digit declines in both digital and store channels [11] Market Performance - In Europe, Urban Outfitters posted negative high single-digit comps, while Anthropologie and Free People showed strong performance [29] - Free People's wholesale segment revenue increased by 3%, driven by higher regular price sales [8] - Nuuly's revenue growth was driven by a 56% increase in subscribers YoY [8] Strategy and Industry Competition - Urban Outfitters is undergoing a strategic review, focusing on improving inventory management, adjusting pricing architecture, and enhancing social media marketing [31][54] - Nuuly is expanding its fulfillment capacity with a new center in Raymore, Missouri, which will triple its total capacity [96] - The company plans to open 57 new stores and close 21 stores in FY25, with growth focused on FP Movement, Free People, and Anthropologie [99] Management Commentary on Operating Environment and Outlook - Management expects Q2 total company sales growth to be in the mid-single digits, with low single-digit retail segment comp growth and mid-double-digit growth in Nuuly [69] - Gross profit margin for Q2 is expected to decline by 75 basis points YoY, but the company anticipates returning to gross margin growth in the second half of the year [14] - The company remains confident in achieving a full-year gross margin improvement of 50 to 100 basis points [25] Other Important Information - Inventory levels are expected to grow at a rate below sales growth in Q2, with a focus on speeding up inventory turns [15] - Capital expenditures for FY25 are planned at $210 million, with 50% allocated to retail store expansion, 25% to logistics, and 25% to IT and home office support [15] Q&A Summary Question: Trends in Europe for Urban Outfitters and potential impact on the US market [44] - Urban Outfitters in Europe is showing signs of revival, with comps improving from negative high single digits to flat or slightly negative [29] - The European team has adopted more feminine looks, which are performing well and could influence the US market [36] Question: Gross margin guidance and confidence in achieving the 50-100 basis point improvement [25] - Management is confident in achieving the high end of the 50-100 basis point gross margin improvement, driven by IMU improvements and reduced markdowns at Urban Outfitters [85] Question: Marketing spend allocation and expectations for the remainder of the year [28] - Marketing spend is allocated to growing brands like Nuuly, Anthropologie, and Free People, with growth expected to align more closely with sales growth in the second half of the year [40] Question: Urban Outfitters' path to breakeven and inventory management [25] - Urban Outfitters is focused on cleaning inventory through markdowns in Q2 to improve margins in the back half of the year, with a gradual improvement in comp sales expected [42] Question: Nuuly's profitability and growth trends [123] - Nuuly is expected to be profitable for the full year, with strong subscriber growth and operational improvements following the transition to the new fulfillment center [124]

Urban Outfitters (URBN) reported $1.2 billion in revenue for the quarter ended April 2024, representing a year- over-year increase of 7.8%. EPS of $0.69 for the same period compares to $0.56 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of +2.69%. The company delivered an EPS surprise of +40.82%, with the consensus EPS estimate being $0.49. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 40.82%. A quarter ago, it was expected that this clothing and accessories retailer would post earnings of $0.73 per share when it actually produced earnings of $0.69, delivering a surprise of -5.48%. Over the las ...

Total Company net sales for the three months ended April 30, 2024, increased 7.8% to a record $1.20 billion. Total Retail segment net sales increased 5.8%, with comparable Retail segment net sales increasing 4.6%. The increase in Retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. Comparable Retail segment net sales increased 17.1% at Free People and 10.4% at Anthropologie and decreased 13.7% ...

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 a ...

Westfield LONDON,ENGLAND - February 2024: Urban Outfitters store sign External Store Sign London, ... [+] England. (Photo by Peter Dazeley/Getty Images) Getty Images Note: Urban Outfitters' FY'24 ended in January 2024. Urban Outfitters (NASDAQ NASDAQ : URBN), a lifestyle retailer focusing on young adults and teenagers, is scheduled to report its first-quarter fiscal 2025 (year ending January 2025) results on Tuesday, May 21. We expect the company stock to likely trade higher with revenue and earnings beatin ...