earnings
confidence high
sentiment positive
materiality 0.80
Urban Outfitters Q3 FY2022: record sales $1.13B, EPS $0.89, comps +14% vs FY2020
URBAN OUTFITTERS INC
2022-Q3 EPS reported
$2.71
revenue$3,216,564,000
- Record Q3 net sales $1.13B (+14.6% vs Q3 FY2020); diluted EPS $0.89 (record); net income $89M.
- Comparable Retail segment net sales +14% driven by double-digit digital growth, partially offset by mid-single-digit negative store sales.
- All three brands achieved record low Q3 merchandise markdown rates; gross profit rate +202 bps vs FY2020.
- Strategic inventory buildup: total inventory +18% vs FY2020 to protect against supply chain disruptions.
- November comp sales to date accelerated from Q3 rate, per CEO Richard Hayne.