Urban Outfitters reports Q4 adjusted EPS 69c, consensus 74c

Reports Q4 revenue $1.49B, consensus $1.49B. Total retail segment net sales increased 6.2%, with comparable retail segment net sales increasing 4.9%. The increase in Retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. Comparable retail segment net sales increased 18.9% at Free People and 12% at Anthropologie and decreased 13.6% at Urban Outfitters. “We are pleased to report record fourth quarter sales driven by strength at the Anthropologie, Free People, FP Movement and Nuuly brands,” said Richard Hayne, CEO. “Positive customer response to our early spring offerings bodes well for continued sales growth in the first quarter,” finished Hayne.