Urban Outfitters Inc (URBN – Analyst Report) is an American multinational retail company that operates in two business segments: one a lifestyle-oriented general merchandise retailing segment and the other a wholesale apparel business. The company manages five separate brands, including its namesake, Anthropologie, BHLDN, Free People, and Terrain. Urban Outfitters was founded in 1970 and is headquartered in Philadelphia, Pennsylvania.
Currently, Urban Outfitters has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. We have highlighted some of the key statistics from this just announced report below.
Urban Outfitters:
1. Met earnings estimates. The company posted $0.42 EPS, which is in line with our Zacks Consensus Estimate of $0.42.
2. Missed revenue estimates. The company saw revenue figures of $825.26 million, an increase of 1% from the same period a year ago, missing our estimate of $871million.
3. Posted net income of $51.994 million.
4. “I am pleased we delivered sales, margin and profit growth in the third quarter despite weaker customer traffic,” said Richard A. Hayne, Chief Executive Officer. “I believe the strong customer response to expanded category offerings at each brand bodes well for our future growth,” finished Mr. Hayne.
5. URBN was down $1.72, or 7.59%, to $20.95 as of 5:08 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Urban Outfitter’s quarterly revenue and growth rate:
Urban Outfitters Inc. (URBN – Analyst Report) Quarterly Revenue & Growth Rate | FindTheCompany
Leave A Comment