Latest news with #RichardHayne
Yahoo
24-05-2025
- Business
- Yahoo
Why Urban Outfitters, Inc. (URBN) Soared Today
We recently published a list of In this article, we are going to take a look at whereUrban Outfitters, Inc. (NASDAQ:URBN) stands against other stocks that soared today. Urban Outfitters snapped a three-day losing streak on Thursday, jumping 22.84 percent to close at $73.21 as investors cheered the company's strong earnings performance in the first quarter of the year. A frontline retail worker organizing apparel products in a store. In its financial statement, Urban Outfitters, Inc. (NASDAQ:URBN) said net income expanded by 75 percent to $108 million from the $61.8 million registered in the same period last year, as revenues grew 10.75 percent to $1.329 billion from $1.2 billion year-on-year, on the back of higher sales from both retail and subscription segments. 'Our success was driven by positive sales growth and improved profitability across all brands and segments. We believe these results demonstrate the strength of our brands and the effectiveness of our strategy, giving us confidence in URBN's continued success,' said Urban Outfitters, Inc. (NASDAQ:URBN) Chief Executive Officer Richard Hayne. Overall, URBN ranks 6th on our list of stocks that soared today. While we acknowledge the potential of URBN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than URBN and has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Why Urban Outfitters, Inc. (URBN) Soared Today
We recently published a list of In this article, we are going to take a look at whereUrban Outfitters, Inc. (NASDAQ:URBN) stands against other stocks that soared today. Urban Outfitters snapped a three-day losing streak on Thursday, jumping 22.84 percent to close at $73.21 as investors cheered the company's strong earnings performance in the first quarter of the year. A frontline retail worker organizing apparel products in a store. In its financial statement, Urban Outfitters, Inc. (NASDAQ:URBN) said net income expanded by 75 percent to $108 million from the $61.8 million registered in the same period last year, as revenues grew 10.75 percent to $1.329 billion from $1.2 billion year-on-year, on the back of higher sales from both retail and subscription segments. 'Our success was driven by positive sales growth and improved profitability across all brands and segments. We believe these results demonstrate the strength of our brands and the effectiveness of our strategy, giving us confidence in URBN's continued success,' said Urban Outfitters, Inc. (NASDAQ:URBN) Chief Executive Officer Richard Hayne. Overall, URBN ranks 6th on our list of stocks that soared today. While we acknowledge the potential of URBN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than URBN and has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Why Urban Outfitters Stock Zoomed Higher Thursday
Urban Outfitters (NASDAQ: URBN) stock exploded 21.4% higher through 11 a.m. ET Thursday after demolishing Q1 earnings forecasts last night. Heading into the report, Wall Street analysts forecast Urban Outfitters would earn only $0.83 on less than $1.3 billion in Q1 sales. In fact, the retailer earned $1.16 per share on sales of more than $1.3 billion. Urban Outfitters Q1 earnings Sales surged nearly 11% year over year for Urban Outfitters, with "comparable retail segment net sales" (i.e., same-store sales) increasing 4.8%. SSS growth was strongest at the company's Anthropologie brand, up 6.9%, with SSS gains of 3.1% at Free People and 2.1% at Urban Outfitters per se. CEO Richard Hayne exulted over the "record first-quarter revenues and profits," highlighting "positive sales growth and improved profitability across all brands and segments." Earnings of $1.16 -- a generally accepted accounting principles (GAAP) number, by the way -- nearly doubled in comparison to last year's Q1. Is Urban Outfitters stock a buy? Management didn't give guidance on what to expect in Q2, but Hayne did forecast "continued success." Wall Street seems on board with the assessment as well, forecasting 15% earnings growth this year to $4.91 per share. Assuming Urban Outfitters hits that number, the stock would be selling for 15 times current-year earnings, right in line with a 15% growth estimate. Even with no dividend to boost the stock's attractiveness, the worst I could say about Urban Outfitters today is that the stock looks fairly priced, and largely unaffected by President Trump's tariffs war. Call me an eternal optimist, but Urban Outfitters stock looks like a buy to me. Should you invest $1,000 in Urban Outfitters right now? Before you buy stock in Urban Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Urban Outfitters wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor 's total average return is962% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Yahoo
22-05-2025
- Business
- Yahoo
Why Urban Outfitters Stock Zoomed Higher Thursday
Urban Outfitters beat on both the top and bottom lines last night. Q1 earnings were nearly double what the retailer earned a year ago. Investors are cheering the blowout quarter. 10 stocks we like better than Urban Outfitters › Urban Outfitters (NASDAQ: URBN) stock exploded 21.4% higher through 11 a.m. ET Thursday after demolishing Q1 earnings forecasts last night. Heading into the report, Wall Street analysts forecast Urban Outfitters would earn only $0.83 on less than $1.3 billion in Q1 sales. In fact, the retailer earned $1.16 per share on sales of more than $1.3 billion. Sales surged nearly 11% year over year for Urban Outfitters, with "comparable retail segment net sales" (i.e., same-store sales) increasing 4.8%. SSS growth was strongest at the company's Anthropologie brand, up 6.9%, with SSS gains of 3.1% at Free People and 2.1% at Urban Outfitters per se. CEO Richard Hayne exulted over the "record first-quarter revenues and profits," highlighting "positive sales growth and improved profitability across all brands and segments." Earnings of $1.16 -- a generally accepted accounting principles (GAAP) number, by the way -- nearly doubled in comparison to last year's Q1. Management didn't give guidance on what to expect in Q2, but Hayne did forecast "continued success." Wall Street seems on board with the assessment as well, forecasting 15% earnings growth this year to $4.91 per share. Assuming Urban Outfitters hits that number, the stock would be selling for 15 times current-year earnings, right in line with a 15% growth estimate. Even with no dividend to boost the stock's attractiveness, the worst I could say about Urban Outfitters today is that the stock looks fairly priced, and largely unaffected by President Trump's tariffs war. Call me an eternal optimist, but Urban Outfitters stock looks like a buy to me. Before you buy stock in Urban Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Urban Outfitters wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Urban Outfitters Stock Zoomed Higher Thursday was originally published by The Motley Fool
Yahoo
22-05-2025
- Business
- Yahoo
Urban Outfitters Inc (URBN) Q1 2026 Earnings Call Highlights: Record Sales and Strategic Growth ...
Total Sales Growth: 11% increase, reaching $1.3 billion. Retail Segment Comp: 5% increase. Wholesale Segment Revenue: 24% increase. Gross Profit: 20% increase to $489 million; gross profit rate improved by 278 basis points to 36.8%. SG&A Expenses: Increased by 8.1%, leveraging by 65 basis points. Operating Income: 72% increase to $128 million; operating profit rate improved by over 340 basis points to 9.6%. Net Income: 75% increase to $108 million or $1.16 per diluted share. Anthropologie Retail Segment Comp: 7% increase. Free People Total Sales Growth: 11% increase; Wholesale segment revenue up 26%. FP Movement Sales Growth: 29% increase; 43 new stores opened in the past 12 months. Urban Outfitters Global Retail Segment Comp: 2% positive comp. Nuuly Revenue Growth: 60% increase; over 110,000 increase in average active subscribers year-over-year. Store Openings and Closures: Planning to open 64 new stores and close 17 this fiscal year. Warning! GuruFocus has detected 7 Warning Signs with DOMO. Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Urban Outfitters Inc (NASDAQ:URBN) reported a record-breaking quarter with total sales growing by 11% to $1.3 billion. The company achieved a 20% increase in gross profit dollars, reaching a record $489 million, with improved gross profit margins. All brands delivered positive sales comps, with four out of five brands posting record first-quarter sales. Nuuly, the company's subscription service, saw a 60% revenue growth and added over 110,000 average active subscribers compared to the prior year. The Anthropologie brand achieved its tenth consecutive quarter of double-digit operating profit growth, driven by strong performance across all categories. Urban Outfitters North America recorded a negative 4% retail segment comp, although this was offset by a strong positive 14% comp in Europe. The digital business in North America faced challenges due to heavy promotional activity from the prior year, impacting comps negatively. The company anticipates potential negative impacts from tariffs, with a 10% global tariff and a 30% tariff on items from China. Inventory growth in Q2 may exceed sales growth due to early receipts to mitigate tariff impacts, posing a risk of overstock. Urban Outfitters North America is still in the process of turning around its profitability, with expectations that it won't happen this year. Q: What were the key drivers of success for Urban Outfitters in Europe, and how can these be applied to the US business? A: Richard Hayne, Chairman and CEO, attributed the success to strong product offerings, particularly in bottoms and tops, and effective marketing strategies. Sheila Harrington, Global CEO of Urban Outfitters Group and Free People Group, added that women's wear in Europe has gained momentum, and the strong partnership between Europe and North America is promising for future growth. Q: Has Urban Outfitters implemented smaller store formats to increase productivity? A: Shea Jensen, Urban Outfitters North America, stated that while no adjustments have been made yet, there is flexibility with leases over the next few years to potentially downsize or relocate stores. An example is the Houston store, which will be downsized and apply a new store concept. Q: How is Urban Outfitters planning to manage inventory in light of tariffs and potential supply chain disruptions? A: Melanie Marein-Efron, CFO, explained that inventory transit times were faster than planned, and some early receipts were brought in ahead of uncertain tariffs. The plan for Q2 is to bring in fall inventory early to mitigate tariff impacts and potential disruptions. Q: What is the outlook for Urban Outfitters' performance in Q2 and the rest of the year? A: Richard Hayne, CEO, indicated that May's comp sales are similar to Q1, with expected mid-single-digit Retail segment comps for Anthropologie and Free People, low single-digit positive comps for Urban Outfitters, and strong growth for Nuuly. Overall, URBN Q2 sales could increase in the high single-digit range. Q: How is Nuuly performing, and what is its profitability outlook? A: Dave Hayne, President of Nuuly, reported strong growth with a 23% increase in active subscribers in Q1. The business is profitable, and while there are no current plans to raise prices, the goal is for Nuuly to achieve a 10% operating profit in the future. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
