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Apr 30
Urban Outfitters Q1 2026 Earnings Report
Urban Outfitters reported record revenue and net income for Q1 2025.
Key Takeaways
Urban Outfitters delivered a record-breaking Q1 with strong growth across all brands, segments, and key performance metrics. Subscription services and wholesale led the surge, complemented by increased digital and in-store sales.
Net income reached a record $108,347,000
Revenue rose to $1,329,501,000 driven by double-digit growth in Subscription and Wholesale segments
EPS was $1.16, reflecting higher profitability and improved gross margins
Nuuly segment revenue jumped by over 59% year-over-year due to subscriber growth
Urban Outfitters
Urban Outfitters
Urban Outfitters Revenue by Segment
Forward Guidance
Urban Outfitters expressed confidence in continued momentum, highlighting the strength of its brand portfolio and strategic execution.
Positive Outlook
- Positive comparable sales across all core brands
- Strong growth in Nuuly subscriptions
- Higher gross margin due to better markdown management and lower delivery costs
- Improved SG&A leverage from reduced litigation expenses
- Continued investment in marketing supporting top-line growth
Challenges Ahead
- Increase in inventory levels across segments
- Higher store payroll expenses due to sales support
- Significant cash outflow from share repurchases
- Net cash from operating activities decreased year-over-year
- Ongoing macroeconomic and geopolitical uncertainties
Revenue & Expenses
Visualization of income flow from segment revenue to net income