Executive Summary

• Urban Outfitters reported fiscal 2Q19 EPS of $0.84, up from $0.44 in the year-ago quarter and above the $0.76 consensus estimate. Total revenues were $992.5 million, up 13.7% year over year and above the $977.0 million consensus estimate.
• Same-store sales increased by 13% during the quarter, beating the 11.2% consensus estimate. Comps were driven by double-digit growth in online sales, increases in store traffic, average order value and units per transaction across all three brands.
• Urban Outfitters did not provide quantitative guidance for FY19. The company plans to open 17 new stores during the fiscal year and anticipates that the digital channel will remain a strong sales growth driver.