Urban Outfitters (URBN) Tops Q1 EPS by 8c, Beats on Revenues

Urban Outfitters (NASDAQ: URBN) reported Q1 EPS of $0.38, $0.08 better than the analyst estimate of $0.30. Revenue for the quarter came in at $855.69 million versus the consensus estimate of $836.23 million.

“We are pleased to report record first quarter sales driven by a 10% increase in comparable Retail segment sales and a 13% increase in wholesale sales,” said Richard A. Hayne, Chief Executive Officer. “Even more exciting is our 280% jump in first quarter EPS, a result of strong sales, healthy margin improvement, SG&A leverage and a lower tax rate,” finished Mr. Hayne.

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

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