Urban Outfitters (URBN) Tops Q3 EPS by 5c

Urban Outfitters (NASDAQ: URBN) reported Q3 EPS of $0.89, $0.05 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.12 billion.

Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in digital channel sales, partially offset by mid-single-digit negative retail store sales primarily due to reduced store traffic. By brand, comparable Retail segment net sales increased 55% at the Free People Group, 9% at the Anthropologie Group and 7% at Urban Outfitters. Total Retail segment net sales increased 16%.

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

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