Urban Outfitter Stock Price, News & Analysis

Urban Outfitters reported a net income of $31.5 million and earnings per diluted share of $0.34 for Q4 2023. Total net sales reached a record $1.38 billion, a 3.9% increase year-over-year. While the Retail segment saw a 2% increase in sales, comparable sales grew 3%, influenced by a 15% rise in Free People and 9% in Anthropologie. However, Urban Outfitters sales fell 10%. The wholesale segment dropped 7%, while the Nuuly segment surged 149% in subscribers. Despite ongoing challenges, CEO Richard A. Hayne expressed optimism regarding inventory levels heading into spring.

Urban Outfitters (NASDAQ:URBN) reported net sales for two and eleven months ending December 31, 2022. Total net sales for the two-month period rose 2.3%, while Retail segment sales grew 1%, with comparable sales up 2%. Notably, Free People saw a 15% increase, while Urban Outfitters experienced a 10% decline. For the eleven-month period, total net sales increased 5.1%, with comparable retail sales up 4%. The company opened 33 new stores and closed 7. The Nuuly segment continued to soar, posting a 176% sales increase.

Urban Outfitters (NASDAQ:URBN) announced the departure of Francis Pierrel, President of Urban Outfitters Group. The company expressed gratitude for his contributions during his tenure. Urban Outfitters operates various lifestyle brands including Anthropologie, Free People, and Terrain, offering a diverse range of consumer products. This press release complies with the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, highlighting potential risks affecting financial results, such as public health crises and market conditions.

Urban Outfitters, Inc. (NASDAQ:URBN) reported a net income of $59 million and earnings per diluted share of $0.64 for Q2 2022, with total sales reaching $1.18 billion, a 2.2% increase year-over-year. Notably, the Retail segment saw a 1% sales increase, predominantly driven by strong performance at the Free People and Anthropologie brands, while Urban Outfitters brand sales fell by 9%. However, gross profit decreased by 13.9% due to higher markdowns. The company's inventory rose by 44.4% year-over-year, and selling, general, and administrative expenses increased 7.2%.

Urban Outfitters (NASDAQ:URBN) reported a record net income of $32 million and earnings per diluted share of $0.33 for Q1 2022, driven by a 13.4% increase in net sales to $1.05 billion. The Retail segment's net sales rose 12%, with Comparable sales up 11%. Notably, the Anthropologie Group saw an 18% increase. However, gross profit rate decreased by 169 basis points, impacted by rising costs in transportation and raw materials. The company repurchased 2.4 million shares for approximately $62 million in the quarter and opened five new retail locations.

Urban Outfitters (NASDAQ:URBN) reported a net income of $41 million and $0.41 earnings per diluted share for Q4 FY2022, with total net sales reaching a record $1.33 billion, marking a 13.9% increase from Q4 FY2020. For the full year, net income was $311 million and earnings per share hit a record $3.13, a 14.2% sales increase compared to FY2020. Digital sales surged, though retail store sales faced challenges from decreased foot traffic. The company opened 56 new locations and repurchased 2 million shares worth $56 million.