Urban Outfitters Inc
Retail
Urban Outfitters Inc (URBN) Stock News
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- Benzinga·
URBN Reports Record Q1 Sales and Income
PHILADELPHIA, May 20, 2026 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ: URBN ), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced record net income of $115.7 million and earnings per diluted share of $1.30 for the three months ended April 30, 2026. Total Company net sales for the three months ended April 30, 2026, increased 11.4% to a record $1.48 billion. Total Retail segment net sales increased 8.0%, with comparable Retail segment net sales increasing 5.6%. The increase in Retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and mid single-digit positive growth in retail store sales. Comparable Retail segment net sales increased 9.8% at FP Group, 9.3% at Urban Outfitters and 1.9% at Anthropologie. Subscription segment net sales increased 34.5% primarily driven by a 33.3% increase in average active subscribers in the current quarter versus the prior year quarter. Wholesale segment net sales increased 24.8% driven by a 26.2% increase in FP Group wholesale sales due to an increase in sales to specialty customers. "We are pleased to report record first quarter sales and earnings driven by positive retail segment ‘comps' at all brands and impressive double-digit growth in both our Wholesale and Subscription segments," said Richard A. Hayne, Chief Executive Officer. "Our customers remain engaged and are responding to compelling fashion trends, giving us confidence in URBN's continued success," finished Mr. Hayne. Net sales by brand and segment for the three-month periods were as follows: Three Months Ended April 30, 2026 2025 Net sales by brand Anthropologie $ 589,073 $ 569,931 FP Group 411,719 353,112 Urban Outfitters 304,727 273,505 Nuuly 167,264