Urban Outfitters Stock Soars After Q3 Earnings: Here's Why

Core Insights - Urban Outfitters, Inc. reported strong third-quarter earnings, surpassing both revenue and earnings estimates, leading to a significant increase in stock price [1][2][4] Financial Performance - Quarterly earnings per share were $1.28, exceeding the Street estimate of $1.18 by 8.11% [2] - Total quarterly revenue reached $1.53 billion, beating the analyst estimate of $1.47 billion and showing an increase from $1.36 billion in the same period last year [2] Segment Performance - Total Retail segment net sales increased by 9.6%, with comparable Retail segment net sales rising by 8% [5] - Comparable Retail segment net sales growth was 12.5% at Urban Outfitters, 7.6% at Anthropologie, and 4.1% at Free People [5] - Subscription segment net sales surged by 48.7%, driven by a 42.2% increase in average active subscribers compared to the prior year [5] - Wholesale segment net sales grew by 7.6%, primarily due to an 8.4% increase in Free People wholesale sales [5] Market Reaction - Following the earnings report, Urban Outfitters' stock price increased by 15.06%, reaching $78.60 in extended trading [4]