Urban Outfitters Reports Q2 Results: Strong EPS, Record Quarterly Sales
Portfolio Pulse from Erica Kollmann
Urban Outfitters, Inc. (NASDAQ:URBN) reported strong Q2 results with EPS of $1.24, beating estimates by 22.77%, and record sales of $1.35 billion. Retail, Nuuly, and Wholesale segments showed growth, with notable increases in Free People and Anthropologie sales. Despite positive results, URBN shares fell 4.27% after-hours.
August 21, 2024 | 8:58 pm
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Urban Outfitters reported strong Q2 earnings with EPS of $1.24, surpassing expectations, and record sales of $1.35 billion. Despite positive financial performance, shares fell 4.27% after-hours, possibly due to market reactions or profit-taking.
The strong earnings report with EPS and sales beating expectations is a positive indicator for URBN. However, the after-hours share price drop suggests market volatility or profit-taking. The overall financial performance is likely to have a positive impact on the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100