Urban Outfitters Inc. (NASDAQ: URBN) reported its fiscal fourth quarter financial results after the markets closed on Monday. The company had $0.61 in earnings per share (EPS) on $1.01 billion in revenue compared to the consensus estimates from Thomson Reuters that called for $0.56 in EPS on $1.02 billion in revenue. The same period from the previous year had $0.60 in EPS on $1.01 billion in revenue.
On the books, cash, equivalents, and marketable securities totaled $326.3 million at the end of the quarter compared to $258.8 million in the same period last year.
Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, decreased 2%. Comparable Retail segment net sales increased 2% at Free People and decreased 2% at the Anthropologie Group and 3% at Urban Outfitters. Wholesale segment net sales increased 29% partially due to delayed shipments from the third quarter carrying over into the fourth quarter.
In terms of its business segments, Urban Outfitters reported:
- The Urban Outfitters brand had net sales of $415.8 million.
- The Anthropologie Group brand had net sales of $419.1 million.
- The Free People brand had net sales of $178.5 million.
Richard A. Hayne, CEO of Urban Outfitters, commented:
While apparel sales underperformed during the fourth quarter, I am pleased with the merchandise margin improvement delivered by the brands. Additionally, our expansion categories performed above our expectations and continue to give us confidence in our future growth opportunities.
Shares of Urban Outfitters closed Monday up 1.8% at $28.16, with a consensus analyst price target of $26.93 and a 52-week trading range of $19.26 to $47.25. Following the release of the earnings report, the stock was down 5.7% at $29.75 in the after-hours trading session.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
