Urban Outfitters, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
August 23, 2022 at 09:05 pm
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Urban Outfitters, Inc. reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported sales was USD 1,183.39 million compared to USD 1,157.73 million a year ago. Net income was USD 59.47 million compared to USD 127.26 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 1.29 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 1.28 a year ago.
For the six months, sales was USD 2,235.32 million compared to USD 2,085.14 million a year ago. Net income was USD 91.01 million compared to USD 180.81 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 1.84 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 1.82 a year ago.
Urban Outfitters, Inc. is a lifestyle products and services company. The Company through three segments: Retail, Wholesale and Nuuly. The Retail segment includes its store and digital channels and includes its Anthropologie, Free People, FP Movement and Urban Outfitters brands. In addition to retail stores, it offers its products and services directly to its customers through its Websites, mobile applications, social media and third-party digital platforms, catalogs and customer contact centers. The Wholesale segment primarily designs, develops, and markets apparel, intimates, activewear and shoes. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and its Retail segment. The Company operates a Wholesale segment under the Free People, FP Movement and Urban Outfitters brands. The Nuuly segment consists of the Nuuly brand, which includes Nuuly Rent and Nuuly Thrift. Nuuly Rent is a monthly womenâs apparel subscription rental service.
URBAN OUTFITTERS, INC. 
