Urban Outfitters(URBN)

Search documents
Urban Outfitters Q2: Nuuly's Growth Is Exciting (Rating Upgrade)
Seeking Alpha· 2024-08-23 18:09
Core Viewpoint - Urban Outfitters reported soft comparable sales in Q2, leading to a 10% decline in stock price, despite overall sales growth of 6.3% to $1,352 million, which beat Wall Street estimates by $13.5 million [1][2] Financial Performance - Comparable sales growth was 2%, trailing estimates by 1 percentage point [2] - Urban Outfitters brand sales declined by 8.6% year-on-year to $316.7 million, while Anthropologie and Free People brands showed growth of 7.4% to $569.1 million and 10.2% to $365.1 million respectively [2][3] - Nuuly's sales grew by 62.6% year-on-year to $90.6 million, contributing to a record operating income of $5.3 million at a 5.9% margin [5] Margins and Costs - EPS for Q2 was $1.24, up $0.14 year-on-year, beating estimates by $0.24 [3] - Gross margin expanded by 68 basis points, while operating margin increased by 36 basis points to 10.7%, indicating healthy momentum from other brands despite Urban Outfitters brand weakness [3][9] Market Outlook - Urban Outfitters anticipates a slowdown in Q3 sales due to macroeconomic factors, with growth expected in the low single-digit range compared to 3.1% in Q2 [4] - All Wall Street analysts have revised Q3 expectations downwards, contributing to stock decline [4] Strategic Initiatives - The company is focusing on improving Urban Outfitters brand perception and customer base with a more focused leadership team [3] - Nuuly's growth is seen as a significant positive factor for Urban Outfitters' long-term investment case, with the global subscription box market expected to grow at a 14% CAGR from 2024 to 2032 [5][9] Valuation - The fair value estimate for Urban Outfitters is now $39.41, reflecting a more balanced valuation after share repurchases and improved cash position [7] - The weighted average cost of capital (WACC) has decreased to 10.32% from 11.38% [8]
These Analysts Slash Their Forecasts On Urban Outfitters Following Q2 Results
Benzinga· 2024-08-22 15:52
Urban Outfitters, Inc. URBN reported better-than-expected second-quarter financial results on Wednesday. Urban Outititers lnc has a consensus price target of $39.41 based on the ratings of f analysts. The his 650 issued by Balfd on War 29, 2024. The low is $23 issued by B. Rie Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 by 22.77%. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate an ...
This Urban Outfitters Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Benzinga· 2024-08-22 15:30
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc analyst Jackson Ader downgraded the rating for Sprout Social, Inc. SPT from Sector Weight to Underweight and announced a price target of $28. Sprout Social shares fell 0.2% to close at $33.92 on Wednesday. See how other analysts view this stock. Telsey Advisory Group analyst Dana Telsey downgraded Urban Outfitter ...
Why Urban Outfitters Stock Is Tumbling Despite Better-Than-Expected Earnings
Investopedia· 2024-08-22 15:06
Key Takeaways Urban Outfitters shares sank Thursday, a day after the retailer's second-quarter earnings surpassed analysts' consensus estimates. Executives said in Wednesday's earnings call that sales trends slowed at the end of the quarter and into early August. The president of the Urban Outfitters brand in North America added the retailer is shifting its advertising and product plans to attract younger customers. Shares of Urban Outfitters (URBN) tumbled Thursday to their lowest point since January as ma ...
Why Urban Outfitters Stock Just Crashed 10%
The Motley Fool· 2024-08-22 14:50
Weak sales at Urban Ouftitters are a concern. Debt and weak free cash flow are even more of a concern. Urban Outfitters (URBN -10.66%) stock tumbled 10% through 10:10 a.m. ET Thursday morning, despite the company beating analyst forecasts for second-quarter sales and earnings last night. Heading into the results, analysts forecast the teen retailer would earn $1 per share on sales of $1.34 billion. In fact, profits were a superb $1.24 per share, and sales edged out the consensus estimate at $1.35 billion. S ...
Options Bears Blast Tumbling Urban Outfitters Stock
Schaeffers Investment Research· 2024-08-22 14:30
Urban Outfitters Inc (NASDAQ:URBN) stock is down 12.9% at $36.13 at last glance, despite the retailer's better-than-expected second-quarter earnings and revenue, after disappointing comparable sales numbers. To follow, Telsey Advisory downgraded the stock to "market perform" from "outperform." This is notable considering the majority of analysts are already bearish, with 10 of the 12 in coverage now carrying a "neutral" rating. Today's bear gasp has Urban Outfitters stock trading at its lowest levels since ...
Urban Outfitters (URBN) Q2 Earnings Top Estimates, Retail Sales Up Y/Y
ZACKS· 2024-08-22 12:40
Urban Outfitters, Inc. (URBN) reported impressive results for second-quarter fiscal 2025, wherein the bottom and top lines surpassed the Zacks Consensus Estimate. Also, both metrics improved from the prior-year quarter. The company is focusing on several strategic initiatives to drive growth, including expanding product offerings within its strong-performing brands, Anthropologie and Free People, by introducing new lifestyle concepts like activewear and loungewear. It is also revitalizing the Urban Outfitte ...
Urban Outfitters (URBN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-21 23:00
For the quarter ended July 2024, Urban Outfitters (URBN) reported revenue of $1.35 billion, up 6.3% over the same period last year. EPS came in at $1.24, compared to $1.10 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.34 billion, representing a surprise of +1.03%. The company delivered an EPS surprise of +26.53%, with the consensus EPS estimate being $0.98. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Urban Outfitters (URBN) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-08-21 22:20
Urban Outfitters (URBN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26.53%. A quarter ago, it was expected that this clothing and accessories retailer would post earnings of $0.49 per share when it actually produced earnings of $0.69, delivering a surprise of 40.82%. Over the las ...
URBN Reports Record Q2 Sales
GlobeNewswire News Room· 2024-08-21 20:05
PHILADELPHIA, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced net income of $117.5 million and earnings per diluted share of $1.24 for the three months ended July 31, 2024. For the six months ended July 31, 2024, net income was $179.3 million and earnings per diluted share were ...