URBN - Urban Outfitters: A Buy On This Record Q1
2024-05-22 14:10:18 ET
Summary
- Urban Outfitters, Inc. has reported strong sales and revenue growth in Q1, with a record for revenue.
- The company saw high single-digit growth in digital channel sales and low single-digit growth in physical retail store sales.
- Gross margin and adjusted net income also increased, leading to a Q1 record for net income per share.
- Inventory has moved, valuation is attractive.
- Shares popped on the news, but are now down, setting up a trading opportunity.
Hard to believe it, but it has now been several years since we have traded Urban Outfitters, Inc. ( URBN ). It is one of the several specialty retailers we have followed for years, but we have not covered it publicly in several years, though have analyzed it for traders at our investing group. The company has really turned things around for the better of late, but today shares are declining on the just-reported Q1 earnings ....
Urban Outfitters: A Buy On This Record Q1