Urban Outfitters (URBN) Fiscal 4Q18 Results: Company Beats Expectations in Solid Quarter

Executive Summary

• Urban Outfitters reported fiscal 4Q18 revenues of $1.09 billion, up 5.7% year over year and beating the $1.08 billion consensus estimate. Adjusted EPS was $0.69, beating the $0.63 consensus estimate and up from $0.57 in the year-ago quarter.
• Comparable sales were up 4.0% year over year,beating the consensus estimate of 2.9%.
• The company plans to open 17 new stores in FY19 and anticipates that the digital channel will remain a strong sales growth driver for the company.