Urban Outfitters (URBN) Misses Q2 EPS by 5c

Urban Outfitters (NASDAQ: URBN) reported Q2 EPS of $0.64, $0.05 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $0 versus the consensus estimate of $1.18 billion.

Total Retail segment net sales increased 1%, with comparable Retail segment net sales also increasing 1%. The increase in Retail segment comparable net sales was driven by low single-digit positive digital channel sales, while retail store sales were flat. By brand, comparable Retail segment net sales increased 8% at the Free People Group and 7% at the Anthropologie Group and decreased 9% at Urban Outfitters. Wholesale segment net sales increased 1%, driven by a 4% increase in Free People Group wholesale sales, partially offset by a decline in Urban Outfitters wholesale sales. Nuuly segment net sales increased by $18.8 million driven by a significant increase in our subscribers.

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

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