Urban Outfitters (URBN) Tops Q3 EPS by 7c; Comps Rise 8%

Urban Outfitters (NASDAQ: URBN) reported Q3 EPS of $0.70, $0.07 better than the analyst estimate of $0.63. Revenue for the quarter came in at $974 million versus the consensus estimate of $968.4 million.

Total Company net sales for the three months ended October 31, 2018, increased 9.0% over the same period last year to a record $974 million. Comparable Retail segment net sales increased 8%, driven by strong, double-digit growth in the digital channel and positive retail store sales. By brand, comparable Retail segment net sales increased 12% at Free People, 8% at the Anthropologie Group and 7% at Urban Outfitters. Wholesale segment net sales increased 12%.

“I’m pleased to announce our teams produced record Q3 sales and earnings,” said Richard A. Hayne, Chief Executive Officer. “All brands, all channels, all product categories and all geographies delivered positive ‘comp’ sales,” finished Mr. Hayne.

For earnings history and earnings-related data on Urban Outfitters (URBN) click here.

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