Overview

• Urban Outfitters reported Q1 earnings of 69 cents per share, beating the forecast of 52 cents.
• Revenue grew by 7.8% to $1.2 billion, exceeding the expected $1.18 billion.
• Free People and Anthropologie saw sales increases of 17.1% and 10.4%, respectively.
• Nuuly's sales surged by 51.4%, driven by a significant rise in active subscribers.
• Despite a 13.7% decline in Urban Outfitters brand sales, overall consumer demand remains strong.