Urban Outfitters, Inc. (URBN) just released its latest quarterly financial results, posting adjusted earnings of 69 cents per share and revenues of $1.09 billion.
Currently, URBN is a Zacks Rank #3 (Hold), but that could change based on today's results. The stock is currently down 8.2% to $33.95 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates . The company posted adjusted earnings of $0.69 per share, surpassing the Zacks Consensus Estimate of $0.63.
Matched revenue estimates . The company saw revenue figures of $1.09 billion, meeting our consensus estimate of $1.09 billion.
Comparable Retail segment sales increased 4% from the year-ago period, driven by double-digit growth in the digital channel and partially offset by negative retail store sales. Comps at Free People increased 8%, while Anthropologie comps gained 5% and Urban Outfitters comps increased 2%.
"I am pleased to announce that URBN produced record Q4 sales primarily driven by positive 'comps' at all three brands," said CEO Richard A. Hayne. "We are particularly pleased with how well the brands transitioned in January. Positive customer reaction to the new spring fashion offerings at all our brands has been strong and makes us optimistic regarding the first half of the year."
Here's a graph that looks at Urban's recent earnings performance:
Urban Outfitters, Inc. Price, Consensus and EPS Surprise
Urban Outfitters, Inc. is an innovative specialty retailer and wholesaler which offers a variety of lifestyle merchandise to highly defined customer niches through stores in the United States. The company owns and operates stores and websites under the Urban Outfitters, Anthropologie, and Free People brands.
Check back later for our full analysis on URBN's earnings report!
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