EarningsQ2 2027 Earnings Report
MX:URBN Q2 2027 EPS Results
Actual EPS$29.23
Consensus EPS$29.30
Beat/MissMissed by -$0.07
One Year Ago EPS$26.85
MX:URBN Q2 2027 Revenue Results
Actual Revenue$28.25B
Expected Revenue$28.07B
Beat/MissBeat by +$175.72M
YoY Revenue Growth+10.44%
Earnings Announcement Details
QuarterQ2 2027
Date08/26/2026
TimeAfter Close
Conference CallWednesday, August 26, 2026
MX:URBN Upcoming Earnings
Urban Outfitters's next earnings date is estimated for November 23, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
MX:URBN Q2 2027 Earnings Call
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Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive tone driven by record quarterly sales, operating income, and EPS, strong brand-level performances (notably Nuuly, FP group, and Urban Outfitters), and a constructive outlook for Q3 and FY'27 with modest gross margin improvement expected. Key operational investments (logistics automation, AI, store expansion) and tariff refunds further support the outlook. The main near-term challenges are fuel-related freight surcharges, prior tariff-driven cost pressure (largely refunded), and some elevated markdowns/slower turns at Anthropologie. Management emphasized they have largely offset macro headwinds and remain confident in execution, so positive achievements materially outweigh the manageable headwinds.Company Guidance
Record Quarterly Results
Company delivered record Q2 sales and earnings: net sales grew 10% to $1.7 billion, operating income rose 11% to $193 million, and diluted EPS increased 9% to $1.72. This marked the eighth consecutive quarter of record sales and profits.
Strong Gross Profit Performance
Gross profit dollars increased 11% and gross profit rate improved modestly by 4 basis points to 37.7%, with management noting additional incremental margin opportunity in H2.
Retail Comp Momentum
Total Retail segment comps were positive at +6% for the quarter with digital comps slightly above store comps; all retail brands delivered positive comps.
Nuuly: Rapid Subscriber and Revenue Growth
Nuuly reached average active subscribers of 484,000 (up 30% YoY), crested over 500,000 in early June, with Q2 revenue up 29% to $179 million and achieving a 10% quarterly operating margin ($18 million). Company expects Nuuly >$700M revenue for FY'27 with a high-single-digit operating profit rate.
Wholesale & FP Group Outperformance
Wholesale revenue grew 19%. The FP group delivered total revenue growth of 15%, Free People sales +11% (retail comp +9%), and FP Movement revenue +26% (retail comp +13%); FP wholesale and FP Movement store growth contributed to record operating profit for the FP group.
Urban Outfitters Strength
Urban Outfitters sales grew 8% with a global retail comp of +8%; Europe produced a 9% retail comp and outperformed digital in that region, contributing to improved profitability.
Strategic Investments & Capacity Expansion
Company plans ~$475 million of FY'27 capex (≈35% stores, 50% logistics, 15% tech). Nuuly fulfillment capacity expansions and automation aim to support up to ~1.2M subscribers (Kansas City expansion to 1M sq ft; East Coast facility planned to expand capacity to 600k subscribers).
Favorable Tariff Resolution
Company received substantially all refunds related to incremental IEEPA tariffs from spring FY'26; management expects the remaining refund impact to be de minimis and anticipates a favorable effective tariff rate for the remainder of the year, absent new changes.
Confident Forward Outlook
Management guided Q3 total company sales growth in the high-single-digit range and reiterated expectation for high-single-digit full-year sales growth; Q3 gross profit margin expected to improve 25–50 basis points versus prior year and full year gross margin targeted to improve ~25 basis points.
MX:URBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed