Urban Outfitters (NYSE: URBN) Fiscal 4Q19 Results: Revenues Up, Comps Up, Plans to Open Net 15 New Stores in 2019

Executive Summary

• Urban Outfitters reported fiscal 4Q19 revenues of $1.13 billion, up 3.7% year over year. The company reported 4Q19 adjusted EPS of $0.83, up 20.3% from the year ago period.
• Comparable sales were up 3.7% year over year. By brand, comparable retail sales increased 4% at Free People, 4% at Urban Outfitters and 2% at Anthropologie. Wholesale comparable sales increased by 3%.
• For fiscal FY20, the company plans to open 28 new stores and close 13 stores, with a net of 15 new stores across its banners.