Reports Q1 revenue $1.33B, consensus $1.29B. Total retail segment net sales increased 6.4%, with comparable retail segment net sales increasing 4.8%. “We are excited to announce record first quarter revenues and profits,” said Richard Hayne, CEO. “Our success was driven by positive sales growth and improved profitability across all brands and segments. We believe these results demonstrate the strength of our brands and the effectiveness of our strategy, giving us confidence in URBN‘s continued success,” finished Hayne.
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