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

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Key Points

  • 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.

Urban Outfitters reported fiscal 4Q19 revenues of $1.13B, 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% YoY. By brand, comparable retail sales increased by 4% at Free People, 4% at Urban Outfitters, 2% at Anthropologie. 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. The company stated that the Urban Outfitters’ brand recorded exceptional growth in China on its Tmall Global platform, and in the summer of 2019, the Urban Outfitters brand will launch on the larger Tmall Classic platform as well.

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