Q1 2027 Urban Outfitters Inc Earnings Call Transcript
Key Points
- Urban Outfitters Inc (URBN) achieved record quarterly sales and earnings per share, with net sales growing 11% to $1.5 billion and EPS increasing 12% to $1.30.
- All retail segment brands delivered positive comps, with standout performances from Free People and FP Movement.
- Nuuly, the subscription service, showed strong growth with a 35% increase in revenue and a significant rise in active subscribers.
- The Wholesale segment delivered exceptional double-digit revenue growth, contributing to the overall success.
- Urban Outfitters Inc (URBN) repurchased 4.6 million shares, reducing outstanding shares by 5% and increasing net income to $116 million.
- Gross profit rate decreased by 16 basis points to 36.6%, partly due to a one-time benefit in the prior year.
- SG&A expenses increased by 12%, driven by higher store payroll expenses and marketing investments, leading to a slight deleverage.
- Higher inbound freight costs and delivery expenses due to fuel surcharges are expected to impact margins negatively.
- The company is navigating a complex tariff landscape, with potential impacts on costs and profitability.
- Anthropologie had a slow start to the quarter, needing to clear slower-moving winter products before seeing improvement.
Good day, ladies and gentlemen, and welcome to the Urban Outfitters, Inc. first-quarter fiscal '27 earnings call. (Operator Instructions)
I would now like to hand the conference over to Oona McCullough, Executive Director of Investor Relations. Ms. McCullough, you may begin.
Good afternoon, and welcome to the URBN first-quarter fiscal 2027 conference call. Earlier this afternoon, the company issued a press release outlining the financial and operating results for the three-month period ending April 30, 2026.
The following discussions may include forward-looking statements. Please note that actual results may differ materially from those statements. Additional information concerning factors that could cause actual results to differ materially from projected results is contained in the company's filings with the Securities and Exchange Commission.
For more detailed commentary on our quarterly performance and the text of today's conference call, please
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