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.
Urban Outfitters:
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. Price, Consensus and EPS Surprise | Urban Outfitters, Inc. Quote
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!
Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Urban Outfitters, Inc. (URBN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
