Source: Barron's
Urban Outfitters (URBN) reports earnings after hours. Analysts expect revenue of $672.6 million and EPS of $0.58. The revenue estimate implies a 30% decline Y/Y. Investors should focus on the following key items.
Free Falling Revenue
The business community has been hard-hit by the knock on effects of COVID-19. Retailers have been particularly vulnerable. Most shopping has been done online which has hurt Urban Outfitters and other retailers that rely on sales through physical locations. Last quarter Urban Outfitters reported revenue of $588 million, down 32% year-over-year. Revenue from the retail