Urban Outfitters reported record second-quarter net sales of $1.66 billion, up 10% from $1.50 billion a year earlier, with net income of $240.7 million, or $2.78 per diluted share, compared with $143.9 million, or $1.58 per diluted share, in the prior-year period. Adjusted earnings per share were $1.72, matching analyst estimates, while revenue slightly beat the expected $1.65 billion. By brand, Free People led with $478.1 million in sales, Anthropologie generated $634.5 million, Urban Outfitters contributed $360.0 million, and Nuuly brought in $178.6 million, a 29% increase. The company's retail segment sales rose 8% to $1.39 billion, wholesale climbed 19% to $90.8 million, and subscription sales grew 29% to $178.6 million, marking the eighth consecutive quarter of record sales and profits.
Urban Outfitters IncRecord Q2 net sales of $1.66B (up 10%) and net income of $240.7M beat revenue estimates, with eighth consecutive quarter of record sales and profits.
