Executive Summary

• Urban Outfitters reported fiscal 1Q19 EPS of $0.38, up from $0.10 in the year-ago quarter and above the $0.31 consensus estimate. Total revenues were $855.7 million, up 12.4% year over year and above the $838.4 million consensus estimate.
• Total comps increased by 10% during the quarter, beating the 8.9% consensus estimate. Comps were driven by double-digit growth in online sales and increases in store traffic, average order value and units per transaction.
• Urban Outfitters did not provide quantitative guidance for FY19.The company plans to open 17 new stores during the fiscal year and anticipates that the digital channel will remain a strong sales growth driver.