earnings
confidence high
sentiment positive
materiality 0.75
Urban Outfitters reports record Q1 sales of $1.11B and EPS of $0.56
URBAN OUTFITTERS INC
2023-Q1 EPS reported
$0.56
revenue$1,113,674,000
- Q1 net income $52.8M, diluted EPS $0.56; total sales $1.11B (+5.9% YoY).
- Comparable retail segment net sales +5%: Free People Group +17%, Anthropologie +13%, Urban Outfitters -13%.
- Nuuly segment sales up 118% in subscribers; gross profit rate +260 bps to $371.2M.
- Total inventory down 6.3% YoY; no share repurchases in Q1; 19.2M shares remain under program.
- SG&A expenses deleveraged 59 bps due to higher compensation and marketing costs.