Urban Outfitters(US:URBN)2025-05-22 07:34Financial Performance - URBN's total sales for Q1 FY'26 increased by 11% to a record $1.33 billion[7, 12] - Gross profit increased by 20% to $489 million, with the gross profit rate increasing by 278 bps to 36.8%[8, 28] - Operating income increased by 72% to $128 million, and the operating income rate increased by 343 bps to 9.6%[10, 34] - Net income for the quarter was a record $108 million, or $1.16 per diluted share[11, 39] Segment Performance - Retail segment sales increased by 6% to $1.13 billion, with comparable sales up by 5%[7, 12] - Wholesale segment sales increased by 24% to $75 million, driven by a 26% increase in Free People wholesale sales[7, 13] - Subscription segment sales increased by 60% to $124 million, primarily driven by a 53% increase in average active subscribers[7, 13, 25] Brand Performance - Anthropologie sales increased by 8% to $570 million[14] - Free People sales increased by 11% to $353 million, with Free People brand sales up by 6% and FP Movement brand sales up by 29%[16] - Urban Outfitters sales increased by 1% to $274 million[19] Other Key Metrics - Total inventory increased by 15% to $664 million[42] - The company repurchased 3.3 million shares for $152 million at an average price of $46.40 per share[47]