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Jul 31
Urban Outfitters Q2 2026 Earnings Report
Urban Outfitters posted record Q2 sales and income
Key Takeaways
Urban Outfitters delivered record-breaking Q2 results with strong performance across all segments and brands, driven by retail growth and a significant surge in subscription revenue.
Total revenue reached a record $1.5 billion, up from $1.35 billion last year
Net income hit an all-time high of $143.9 million
Subscription segment revenue surged 53% year-over-year
All five brands posted positive comparable sales across geographies
Urban Outfitters
Urban Outfitters
Urban Outfitters Revenue by Segment
Revenue by Segment
Retail Revenue
CapyFin.comNuuly Revenue
CapyFin.comWholesale Revenue
CapyFin.com Forward Guidance
The company expressed confidence in its continued momentum driven by broad-based brand and channel strength.
Positive Outlook
- All five brands achieved positive comparable sales
- Retail and digital channels both showed strong growth
- Subscription segment saw a 48.1% increase in active users
- Wholesale sales increased significantly, driven by Free People
- Gross profit margin improved due to reduced markdowns
Challenges Ahead
- SG&A expenses grew 12.5%, slightly outpacing sales growth
- Marketing and store payroll costs pressured margins
- Inventory increased 15.1% year-over-year
- Deleverage in SG&A by 28 basis points
- No forward EPS or revenue guidance was provided
Revenue & Expenses
Visualization of income flow from segment revenue to net income