Urban Outfitters Earnings: Just Good Enough
Urban Outfitters reported mixed fiscal fourth-quarter financial results after the markets closed on Tuesday.
[cnxvideo id=”655415″ placement=”ros”]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.
[nativounit]
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.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
