Urban Outfitters (NASDAQ: URBN) showed why its stock has done well while others in retail have floundered for much of the last quarter. The apparel store posted earnings of $0.32 EPS on 29% revenues growth to $465.4 million, and First Call estimates were $0.29 and $463.5 million consensus. This was also record earnings for the quarter.
The company had already shown comparable sales cumulatively generating an 11% gain, and were broken down as 6% at Urban Outfitters, 18% at Anthropologie, and 19% at Free People.
Shares are trading up 6% initially this morning at $31.18, and that is nearly a 52-week high with a 52-week trading range of $19.20 to $31.32. If these prices hold on the stock, this will mark more than a 25% share gain since the January lows.
Jon C. Ogg
March 6, 2008