The earnings call reflects a strong quarter for Urban Outfitters, Inc. with record-breaking revenue and growth across multiple brands, particularly Nuuly and Anthropologie. However, there are concerns about potential tariff impacts and ongoing challenges with Urban Outfitters in North America. Overall, the positive achievements and strategic management outweigh the lowlights.

Company Guidance -

Q2 2026

During Urban Outfitters, Inc.'s First Quarter Fiscal 2026 Earnings Call, the company shared impressive metrics reflecting strong performance and optimistic guidance. For Q1, total URBN sales grew by 11%, reaching $1.3 billion, with a 5% increase in the Retail segment comp and a notable 60% revenue growth from Nuuly, driven by a 53% increase in average active subscribers. The Wholesale segment experienced a 24% revenue increase, while gross profit dollars rose by 20%, improving the gross profit rate by 278 basis points to 36.8%. SG&A expenses increased by 8.1%, leveraging by 65 basis points. Operating income surged by 72%, reaching $128 million, with a net income increase of 75% to $108 million or $1.16 per diluted share. For Q2, URBN expects high single-digit sales growth, with mid-single-digit retail segment comps for Anthropologie and Free People brands, low single-digit positive comps for Urban Outfitters, and mid-double-digit revenue growth for Nuuly. Gross profit margins are anticipated to improve by about 50 to 100 basis points, despite tariff-related challenges. The company plans to open approximately 64 new stores and anticipates capital expenditures of around $240 million for FY'26.

Record-Breaking Revenue and Growth

Total URBN sales grew by 11%, hitting a Q1 record of $1.3 billion. All brands delivered positive sales comps, with four out of five brands posting record first-quarter sales.

Nuuly’s Exceptional Performance

Nuuly delivered impressive 60% revenue growth, with a 53% increase in average active subscribers, adding nearly 400 basis points of revenue growth to total URBN top line.

Gross Profit and Operating Income Surge

URBN saw a 20% increase in gross profit dollars, reaching a record $489 million, with a gross profit rate improvement of 278 basis points. Operating income rose by 72% compared to last year, reaching $128 million.

Anthropologie and Free People Success

Anthropologie achieved a 7% increase in retail segment comp, while Free People delivered an 11% increase in total retail and wholesale segment sales. Free People Wholesale revenues increased by 26%.

Urban Outfitters' Turnaround

Urban Outfitters posted the first positive sales comp in some time, with a 2% global retail segment comp. Europe saw an exceptionally strong positive 14% retail segment comp.

Strategic Inventory and Supply Chain Management

URBN teams have diversified countries of origin, with no single country accounting for more than 25% of production, mitigating potential tariff impacts.

Urban Outfitters (URBN) Earnings, Revenues Date & History

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URBN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 26, 2025	2026 (Q2)	1.48 / -	1.24	―	―	―
May 21, 2025	2026 (Q1)	0.84 / 1.16	0.69	68.12% (+0.47)
Feb 26, 2025	2025 (Q4)	0.94 / 1.04	0.69	50.72% (+0.35)
Nov 26, 2024	2025 (Q3)	0.86 / 1.10	0.88	25.00% (+0.22)
Aug 21, 2024	2025 (Q2)	1.00 / 1.24	1.1	12.73% (+0.14)
May 21, 2024	2025 (Q1)	0.54 / 0.69	0.56	23.21% (+0.13)
Feb 27, 2024	2024 (Q4)	0.72 / 0.69	0.34	102.94% (+0.35)
Nov 21, 2023	2024 (Q3)	0.82 / 0.88	0.4	120.00% (+0.48)
Aug 22, 2023	2024 (Q2)	0.89 / 1.10	0.64	71.88% (+0.46)
May 23, 2023	2024 (Q1)	0.35 / 0.56	0.33	69.70% (+0.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

URBN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2025	$59.60	$73.21	+22.84%
Feb 26, 2025	$52.92	$57.25	+8.18%
Nov 26, 2024	$40.14	$47.49	+18.31%
Aug 21, 2024	$41.48	$37.51	-9.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.