Urban Outfitters: Strong Q3 Results Give Shares Further Upside Potential
Portfolio Pulse from
Urban Outfitters reported strong Q3 results with earnings of $1.10 per share and a 6% revenue growth, leading to a 14% stock price increase. The Anthropologie and Free People segments showed robust growth, while the Urban Outfitters brand is still weak. Nuuly, the subscription service, is scaling rapidly with 48% revenue growth.
November 28, 2024 | 4:15 am
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Urban Outfitters reported strong Q3 earnings of $1.10 per share and 6% revenue growth, leading to a 14% increase in stock price. The Anthropologie and Free People segments performed well, while the Urban Outfitters brand is improving. Nuuly's 48% revenue growth is a positive sign for future cash flows.
The strong Q3 results with significant earnings and revenue growth have positively impacted URBN's stock price. The robust performance of the Anthropologie and Free People segments, along with the rapid scaling of Nuuly, suggests continued positive momentum. The reduction in markdowns for the Urban Outfitters brand also indicates potential improvement.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100