Urban Outfitters, Inc. (NASDAQ: URBN) reported fiscal first-quarter financial results after markets closed Tuesday. The company said that it had $0.10 in earnings per share (EPS) and $761 million in revenue, versus consensus estimates from Thomson Reuters that called for $0.16 in EPS and $769.81 million in revenue. The same period from last year had $0.25 in EPS and $762.58 million in revenue.
Comparable retail segment net sales, which include the comparable direct-to-consumer channel, decreased 3.1%. By brand, comparable retail segment net sales increased 1.5% at Free People but decreased 3.1% at Urban Outfitters and 4.4% at the Anthropologie Group. Comparable retail segment sales were driven by strong, double-digit growth in the direct-to-consumer channel, both of which were offset by negative retail store comparable net sales. Wholesale segment net sales increased 14%.
In terms of its business segments, the company reported:
- Urban Outfitters had revenues of $284.8 million, down 4.7% year over year.
- Anthropologie Group had revenues of $311.1 million, down from $314.1 million last year.
- Free People had revenues of $159.5 million up 10%.
- Food and Beverage had revenues of $5.84 million up 14.5% from last year.
On the books, cash, cash equivalents, and marketable securities totaled $371.0 million at the end of the quarter, versus $287.7 million in the same period from last year.
Richard A. Hayne, CEO of Urban Outfitters, commented:
During the first quarter we continued to see strong double-digit growth from our direct-to-consumer channel and our wholesale business. We believe we have significant opportunity to continue to grow both of these channels at all of our brands.
Shares of Urban Outfitters closed Tuesday down 2.3% at $20.46, with a consensus analyst price target of $26.63 and a 52-week trading range of $20.24 to $40.80. Following the release of the earnings report, the stock was down 1.8% at $20.09 in the after-hours trading session.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.