earnings
confidence high
sentiment neutral
materiality 0.70
Urban Outfitters Q3 net income $37.2M ($0.40 EPS); record sales $1.18B, up 3.9% YoY
URBAN OUTFITTERS INC
2023-Q3 EPS reported
$1.36
revenue$3,410,671,000
- Net income $37.2M ($0.40 diluted EPS) for Q3 ended Oct 31, 2022; nine-month net income $128.2M ($1.36 EPS).
- Retail comp sales +4%: Anthropologie +13%, Free People +8%, Urban Outfitters -9%.
- Gross profit rate down 416 bps to ~30.4% due to higher markdowns at all three brands.
- Inventory up 18.6% YoY; retail segment +17%, wholesale +39% on soft department-store sales.
- Nuuly net sales +$22.6M; subscribers up 185% YoY.