Urban Outfitters Earnings: Here’s Why Investors Like These Results
Urban Outfitters Inc. (NASDAQ:URBN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.88%.
Urban Outfitters Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.43% to $0.51 in the quarter versus EPS of $0.42 in the year-earlier quarter.
Revenue: Rose 12.16% to $758.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Urban Outfitters Inc. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.48. It missed the average revenue estimate of $768.07 million.
Quoting Management: “I am pleased with the strong results we delivered this quarter,” said Richard A. Hayne, Chief Executive Officer. “They were driven by a favorable customer response to our product offerings, improved merchandise margins, the opening of additional stores, and better creative and marketing initiatives in our direct-to-consumer channel,” finished Mr. Hayne.
Key Stats (on next page)…