Flash Report 3 minutesRegister for Free AccessUrban Outfitters (URBN) 2Q 2016 RESULTS: SOLID PERFORMANCE, SIGNIFICANT MARGIN IMPROVEMENT Coresight Research August 17, 2016 Executive Summary Urban Outfitters reported 2Q 2016 EPS of $0.66 versus last year’s $0.52, and beat the consensus estimate of $0.55. Reported revenues were $890.6 million, up 3% year over year and exceeded expectations of $885.9 million, driven by a wholesale net sales increase of 4%. The upside in the quarter was driven by somewhat better comps, but more so by lower markdowns at Urban Outfitters and Anthropologie. The company also saw significant growth in its emerging categories like home, beauty, intimates and music. The beauty category continued to see compounded comp growth and higher penetration in the total business. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner—Walmart Leads, Amazon Loses Ground in the Online Grocery Market: US Survey Insights with Sujeet NaikThe Coresight Research CORE Framework for Generative AI in RetailAugust 2023 Leading Indicators of US Retail Sales: Consumer Sentiment Falls Month Over Month Amid Inflation ResurgenceWeinswig’s Weekly: Walmart Leans In on Automation To Boost Margins