Company Earnings Update 3 minutesRegister for Free AccessUrban Outfitters (URBN) Fiscal 1Q18 Results: EPS Misses Expectations on Weak Comps Coresight Research May 17, 2017 Executive Summary Urban Outfitters reported fiscal 1Q18 EPS of $0.10, below the consensus estimate of $0.16. Total revenues were $761.2 million, below the consensus estimate of $769.8 million and down 0.2% from the year-ago quarter. Total comps, including e-commerce, decreased by 3.1% versus the consensus estimate of a 2.5% decline. By brand, comps increased by 1.5% at Free People, decreased by 3.1% at Urban Outfitters and decreased by 4.4% at Anthropologie. Retail comps were driven by double-digit growth in the company’s direct-to-consumer channel, which was offset by negative store comps. Net sales for the wholesale segment increased by 14%. Management noted that the gross margin could see a larger decline in the second quarter than it did in the first quarter, reflecting projected markdowns. The company also believes that SG&A could grow by 2% in the second quarter and by 1% in the full fiscal year. Regarding store space, management commented that while store count may decrease in North America, overall square footage may grow. 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: Store Tracker Extra: UK Store Openings and Closures 2024 Review and 2025 Outlook—Infographic2025 Tariffs: What Do US Consumers Think?—Proprietary Survey InsightsRetail-Tech Landscape: Israel—January 2025 UpdateAnalyst Corner—Key Tech Themes at CES 2025 and NRF 2025, with John Harmon