Earnings Review: Why Were Urban Outfitters’ Results Impressive?
- Urban Outfitters’ shares jumped almost 15% as its results came in ahead of the market expectations
- Strong growth at Free People, the acquisition of Vetri and a surge in wholesale revenues helped the retailer post a modest revenue growth of 3.2%
- Wholesale revenues were driven by expansion into 200 new specialty and department stores
- Free People revenues were driven by the presence of 11 new retail outlets
- While revenues grew moderately, operating income fell 5% due to increase SG&A expenses, which may be attributed to higher online-related expenses
- However, a fall in share count, thanks to buybacks, kept EPS stable at $0.25
- For the full year, we expect revenues, EBITDA and EPS to grow in low-single digits, backed by continued expansion, growth in Vetri revenues, and fewer promotional activities owing to better merchandise
- Up 52% YTD, Where Is Urban Outfitters Stock Headed?
- Urban Outfitters Stock To Likely See Little Movement Post Q2
- Urban Outfitters’ Stock To Likely See Little Movement Past Q1
- What’s Happening With Urban Outfitters’ Stock?
- Will Urban Outfitters Stock Move Lower Post Fiscal Q2 Results?
- What To Watch For Urban Outfitters Stock Past Earnings?
Have more questions about Urban Outfitters? See the links below:
- What Is Urban Outfitters’ Revenue & Net Income Breakdown In Terms of Different Operating Segments?
- How Has Urban Outfitters’ Revenue Composition Changed In The Last Five Years?
- What Is Urban Outfitters’ Fundamental Value Based On Expected 2016 Results?
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