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Monday, November 16, 2015

Urban Outfitters (URBN) reported earnings Mon 16 Nov 2015 (a/h)

** charts before earnings **





** charts after earnings **








Urban Outfitters reports EPS in-line, misses on revs  :
  • Reports Q3 (Oct) earnings of $0.42 per share, in-line with the Capital IQ Consensus of $0.42; revenues rose 1.3% year/year to $825.25 mln vs the $869.61 mln Capital IQ Consensus.
  • Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 1%. Comparable Retail segment net sales increased 3% at Free People and 1% at Urban Outfitters, while the Anthropologie Group was flat. Wholesale segment net sales declined 5% due to shipment delays at our new distribution facility in Gap, Pennsylvania. 
  • The gross profit rate increased by 11 basis points versus the prior year's comparable period. The increase in gross profit rate was primarily driven by almost 150 basis points of improvement in the Company's maintained margin due to significant improvement in the Urban Outfitters brand markdown rate which was partially offset by lower maintained margins in the Anthropologie Group and Free People retail segments. The Company's maintained margin improvement was partially offset by approximately 100 basis points of deleverage in delivery and fulfillment center expenses primarily related to the ongoing transition of our South Carolina fulfillment center to Gap, Pennsylvania, and increased direct-to-consumer sales penetration.

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