Urban Outfitters Q2 EPS $1.10, record sales $1.27B, comps +4.9%

URBAN OUTFITTERS INC

2024-Q2 EPS reported $1.67 revenue$2,385,869,000

Q2 net income $104.1M, diluted EPS $1.10 vs $0.64 in prior year; EPS up 72%.
Total sales rose 7.5% to a record $1.27B; Retail comps +4.9% driven by mid-single-digit digital and store growth.
Free People Group comps +26.9%, Anthropologie +10.6%, Urban Outfitters -14.1%.
Nuuly segment sales +$27M (subscribers up 85% YoY); gross profit rate up 416 bps.
Inventory down 15.9%; Q3-to-date sales strength cited by CEO.

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