Urban Outfitters (NYSE: URBN) 1Q19 Results: Revenues Up, Company Launches Nuuly Monthly Subscription Rental Service

Executive Summary

• Urban Outfitters reported fiscal 1Q19 revenues of $864.4 million, above the consensus estimate of $854.7 million and up 1.1% year over year. The company reported 1Q19 EPS of $0.31, above the consensus estimate of $0.25 and down 18.4% from the year ago period.
• Comparable sales increased 1%, compared to the consensus estimate of (1.1)% driven by double-digit growth in digital and partially offset by negative retail store sales growth.
• The company did not provide a financial outlook.