Urban Outfitters Inc. (NASDAQ: URBN) reported fiscal fourth-quarter financial results after markets closed on Tuesday. The company posted $0.55 in earnings per share (EPS) and $1.03 billion in revenue versus consensus estimates from Thomson Reuters that called for $0.56 in EPS and $1.04 billion in revenue. The same period of last year reportedly had EPS of $0.61 and $1.01 billion in revenue.
Comparable Retail segment net sales were flat for the quarter. By brand, comparable Retail segment net sales increased 2.0% at Urban Outfitters and 1.2% at Free People, but they decreased 2.9% at the Anthropologie Group.
In terms of its segments for the quarter, the company reported:
- Urban Outfitters had net sales of $413.8 million.
- Anthropologie Group had net sales of $424.0 million.
- Free People had net sales of $186.3 million.
On the books, Urban Outfitters cash, cash equivalents and marketable securities totaled $359.2 million at the end of the quarter, versus $327.3 million in the same period from last year.
As of January 31, there are 6.0 million common shares remaining under the company’s current repurchase authorization.
Richard A. Hayne, CEO, commented:
We are pleased to announce record fourth quarter and full year sales driven mostly by the continued success in the direct-to-consumer channel. As we enter a new year, we will continue to shift our efforts and spend into our fastest growing channel.
Shares of Urban Outfitters closed Tuesday down 1% at $25.41, with a consensus analyst price target of $29.77 and a 52-week trading range of $24.29 to $40.80. Following the release of the earnings report, the stock was initially up 2.3% at $26.00 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.