Company Earnings UpdateUrban Outfitters (NYSE: URBN) 2Q19 Results: Sales and Comps Below Expectations Due to Softer Women’s Apparel Assortment Coresight Research August 22, 2019 Executive Summary Urban Outfitters reported fiscal 2Q19 revenues of $962.3 million, lower than the consensus estimate of $980.6 million and down 3% year over year. The company reported 2Q19 earning per share (EPS) of $0.61, above the consensus estimate of $0.58 and down 27.4% from the year ago period. Comparable net sales decreased 3%, compared to the consensus estimate of down 2%, driven by negative retail store sales growth, partially offset by growth in digital. Management said 3Q19 should bring improved comps driven by improved assortments in the apparel category. Gross margin for 3Q19 could decline by approximately 200 basis points. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Online Grocery Survey 2025: Full-Basket Orders Increase as Delivery Retains Its Dominance—InfographicFive Ways Brands and Retailers Can Use AI/ML and Shared Data to Energize End-to-End Product ManagementJanuary 2025 US Retail Sales Outlook: Projecting Mid-Single-Digit Growth for the Start of 2025Shoptalk Fall 2025 Wrap-Up: Driving Retail Forward—AI, Agility, Loyalty and Leadership in Volatile Times
