Although the revenue and EPS for Urban Outfitters (URBN) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Urban Outfitters (URBN) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.56 per share a year ago.
Shares of Urban Outfitters Inc. raced higher after hours on Tuesday after the clothing retailer reported first-quarter results that beat expectations — thanks to a continued sales lift from its Anthropologie and Free People women's clothing chains — and said that summer-season demand was strong.
Urban Outfitters kicks off youth apparel chain reports Tuesday night, with an earnings slowdown seen.
Note: Urban Outfitters' FY'24 ended in January 2024.
Urban Outfitters' (URBN) Q1 results are likely to reflect mid-single-digit sales growth, driven by a strong performance in its Nuuly segment and steady sales in Retail, offset slightly by a decline in wholesale segment.
Beyond analysts' top -and-bottom-line estimates for Urban Outfitters (URBN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.