Urban Outfitters (URBN) Misses Q4 EPS by 9c

Urban Outfitters (NASDAQ: URBN) reported Q4 EPS of $0.41, $0.09 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.33 billion.

Total Company net sales for the three months ended January 31, 2022, were a record $1.33 billion. Net sales increased 13.9% compared to the three months ended January 31, 2020. Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in digital channel sales, partially offset by low double-digit negative retail store sales primarily due to reduced store traffic. By brand, comparable Retail segment net sales increased 49% at the Free People Group, 14% at the Anthropologie Group and 3% at Urban Outfitters. Total Retail segment net sales increased 15%. Wholesale segment net sales decreased 22% primarily from reducing the Free People Group’s sales to promotional wholesale customers. Nuuly segment net sales increased by $11.3 million driven by the continued expansion of the number of subscribers since its launch at the end of the second quarter of fiscal 2020.

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

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