URBN reports record Q3 EPS $1.10, revenue $1.36B; Nuuly subscribers up 51%

URBAN OUTFITTERS INC

2024-Q3 EPS reported $2.99 revenue$3,914,546,000

Net income $102.9M ($1.10 diluted EPS), record; revenue $1.36B, up 6.3% YoY.
Comparable retail sales +1.5%; Anthropologie +5.8%, Free People +5.3%, Urban Outfitters -8.9%.
Nuuly segment sales +48.4% driven by 51% increase in average active subscribers.
Wholesale segment sales +17.4% led by Free People wholesale +20.3%.
CEO optimistic for holiday; expects comparable sales similar to Q3.

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