The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Urban Outfitters First-Quarter Sales Beat Estimates

Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.

An Urban Outfitters store | Source: Shutterstock

Reuters

22 May 2018

NEW YORK, United States — Apparel retailer Urban Outfitters Inc reported quarterly sales that beat analysts' estimates on Tuesday, driven by higher sales on its online platform and at its stores.

Net income rose to $41.3 million, or 38 cents per share, in the first quarter ended April 30, from $11.9 million, or 1 cent per share, a year earlier.

Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million, according to Thomson Reuters I/B/E/S.

By Nivedita Balu; Editor: Shounak Dasgupta.

In This Article

Topics

Financial Markets

Organisations

Urban Outfitters

Location

New York, United States

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

Birkenstock Could Break Fashion’s IPO Logjam

A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.

The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.