URBN Reports Record Q2 Sales and Profits
URBN reported record second-quarter net sales of $1.66 billion, up 10.4% year-over-year, driven by a 6.2% increase in comparable retail segment sales and strong growth across wholesale and subscription segments. Net income for the quarter rose to $240.7 million with GAAP diluted EPS of $2.78, while adjusted EPS was $1.72; gross margin expanded 580 basis points to 43.4%.
Key figures
- Eps
- 2.78
- Revenue
- $1.66 billion
- Revenue Yoy
- 10.4%
- Net income
- 240700000
- Adjusted eps
- 1.72
- Gross profit
- 721600000
- Buyback spend
- $300 million
- Comparable sales
- 6.2%
- Shares repurchased
- 4600000
- Gross margin expansion bps
- 580
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