Urban Outfitters Increases Sales but Misses Revenue Estimate
Urban Outfitters (NAS: URBN) reported earnings on May 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Urban Outfitters missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share didn't change.
Margins shrank across the board.
Urban Outfitters logged revenue of $568.9 million. The 25 analysts polled by S&P Capital IQ predicted sales of $579.7 million on the same basis. GAAP reported sales were 8.6% higher than the prior-year quarter's $524.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.23. The 30 earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. GAAP EPS of $0.23 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.6%, 130 basis points worse than the prior-year quarter. Operating margin was 9.3%, 190 basis points worse than the prior-year quarter. Net margin was 6.0%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $677.9 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $2.77 billion. The average EPS estimate is $1.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 627 members out of 735 rating the stock outperform, and 108 members rating it underperform. Among 228 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 199 give Urban Outfitters a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Urban Outfitters is outperform, with an average price target of $31.13.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.