Urban Outfitters Stock Surges on Record Q3 Revenue Beat
Urban Outfitters (URBN) shares rallied after posting third-quarter earnings that trounced Wall Street estimates. Adjusted earnings per share reached $1.30, surpassing the $1.20 consensus and marking a 16% year-over-year increase. Revenue climbed to a record $1.53 billion, exceeding projections of $1.49 billion.
The 12.5% annual revenue growth was driven by a 9.6% expansion in the Total Retail segment. Both digital channels and physical stores delivered high single-digit sales increases. The results demonstrate resilient consumer demand despite macroeconomic headwinds.