Jul 2026 (Q2 FY27) — Aug 26, 2026
Urban Outfitters, Inc. Q2 FY27 — Record Sales and Earnings Driven by Strong Brand Performance and Nuuly Growth
Read the full callUrban Outfitters (URBN) earnings
- Jul 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Urban Outfitters earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,662 | +10.4% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 17.4 | +5.8 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 241 | +67.3% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
61 of 67 judged targets kept · 39 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Anthropologie Retail segment comp | low single-digit comps | Jan 2026 | For the full quarter, Anthropologie delivered a positive 2% retail segment comp | Achieved |
| Nuuly segment revenue growth | mid-double-digit revenue growth | Jan 2026 | Nuuly delivered strong 35% revenue growth, driven primarily by an increase of over 110,000 average active subscribers compared to Q1 last year | Missed |
| Capital expenditures | approximately $385 million | Jan 2026 | For fiscal year '27, capital expenditures are planned at approximately $475 million | Revised Down |
6 of URBAN OUTFITTERS INC's 106 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 103 more targets are in the full ledger.
Claimed
- Net sales grew 10% to a record $1.7 billion, marking the eighth consecutive quarter of record sales.
- Operating income increased by 11% to a record $193 million, with EPS growing 9% to $1.72.
- Nuuly achieved 29% revenue growth to $179 million and reached profitability with a 10% operating income rate, driven by a 30% increase in average active subscribers to 484,000.
- The FP Group delivered a 15% total revenue increase, with a 10% Retail segment comp and 19% Wholesale segment revenue growth.
- Urban Outfitters brand achieved an 8% global Retail segment comp, with strong performance in North America and Europe.
Qualified
- Anthropologie experienced elevated markdowns due to slower-turning inventory, though early fall reads are encouraging.
- Higher initial merchandise costs from increased year-over-year tariff costs and inbound freight fuel surcharges negatively impacted IMU by 50 bps and outbound delivery/freight by 20 bps.
- Fuel surcharges related to the Middle East war are expected to have a 70 basis point unfavorable impact on gross profit margins in both Q3 and Q4 FY27.
Price
$86.83 +0.30% · +$0.26
Performance +29.8% 1Y
1Y: $66.89 on 17 Oct 2025 → $86.83. High $87.4 (15 Oct 2026), low $59.57 (19 Nov 2025).
- Previous close
- $86.57
- 52-week range
- $59.57 – $87.4
- One year
- +29.85%
Overview
- Symbol
- URBN
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
61 of 67 judged targets kept · 39 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Anthropologie Retail segment comp | low single-digit comps | Jan 2026 | For the full quarter, Anthropologie delivered a positive 2% retail segment comp | Achieved |
| Nuuly segment revenue growth | mid-double-digit revenue growth | Jan 2026 | Nuuly delivered strong 35% revenue growth, driven primarily by an increase of over 110,000 average active subscribers compared to Q1 last year | Missed |
| Capital expenditures | approximately $385 million | Jan 2026 | For fiscal year '27, capital expenditures are planned at approximately $475 million | Revised Down |
Claimed
- Net sales grew 10% to a record $1.7 billion, marking the eighth consecutive quarter of record sales.
- Operating income increased by 11% to a record $193 million, with EPS growing 9% to $1.72.
- Nuuly achieved 29% revenue growth to $179 million and reached profitability with a 10% operating income rate, driven by a 30% increase in average active subscribers to 484,000.
- The FP Group delivered a 15% total revenue increase, with a 10% Retail segment comp and 19% Wholesale segment revenue growth.
- Urban Outfitters brand achieved an 8% global Retail segment comp, with strong performance in North America and Europe.
Qualified
- Anthropologie experienced elevated markdowns due to slower-turning inventory, though early fall reads are encouraging.
- Higher initial merchandise costs from increased year-over-year tariff costs and inbound freight fuel surcharges negatively impacted IMU by 50 bps and outbound delivery/freight by 20 bps.
- Fuel surcharges related to the Middle East war are expected to have a 70 basis point unfavorable impact on gross profit margins in both Q3 and Q4 FY27.
The full ledger
Open URBAN OUTFITTERS INC’s full ledger
A free account opens 5 company ledgers a month. All 106 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — May 20, 2026
Urban Outfitters Q1 FY27 — Record Sales & EPS, Strong Brand Performance
Read the full callJan 2026 (Q4 FY26) — Feb 25, 2026
Urban Outfitters, Inc. Q4 FY26 — Record Sales and Profitability Across Brands
Read the full callEvery analysed call
Urban Outfitters earnings calls (URBN)
Financials
What the filings say
Net profit, year on year: +67% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,362 | 1,636 | 1,330 | 1,505 | 1,529 | 1,802 | 1,481 | 1,662 |
| Operating profit | 129 | 125 | 128 | 174 | 144 | 159 | 140 | 289 |
| Operating margin | 9.4% | 7.7% | 9.6% | 11.6% | 9.4% | 8.8% | 9.4% | 17.4% |
| Profit before tax | 136 | 131 | 138 | 183 | 152 | 123 | 146 | 299 |
| Tax rate | 24.2% | 8.1% | 21.4% | 21.5% | 23.6% | 21.9% | 20.7% | 19.4% |
| Net profit | 103 | 120 | 108 | 144 | 116 | 96 | 116 | 241 |
| EPS ($ per share) | 1.12 | — | 1.18 | 1.60 | 1.30 | — | 1.32 | 2.81 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 1,516 | 1,474 | 1,475 | 1,771 | 1,826 | 2,114 | 2,503 | 2,817 |
| Total liabilities | 671 | 1,860 | 2,069 | 2,046 | 1,890 | 1,999 | 2,048 | 2,192 |
| Fixed assets | 796 | 890 | 967 | 1,145 | 1,188 | 1,287 | 1,331 | 1,466 |
| Total assets | 2,161 | 3,316 | 3,546 | 3,791 | 3,683 | 4,111 | 4,519 | 5,008 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 447 | 274 | 286 | 359 | 143 | 509 | 503 | 575 |
| Cash from investing | -244 | -186 | -102 | -488 | -32 | -522 | -309 | -312 |
| Cash from financing | -118 | -222 | -10 | -60 | -118 | -12 | -77 | -191 |
| Net cash flow | 76 | -136 | 174 | -189 | -5 | -23 | 112 | 79 |
| Capital expenditure | -115 | -217 | -159 | -262 | -200 | -200 | -183 | -260 |
| Free cash flow | 332 | 56 | 127 | 97 | -57 | 310 | 320 | 315 |
URBN revenue by segment
Retail Operations shrank from 87% to 84% of revenue over the last two years.
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Retail Operations | 87% | 89% | 85% | 86% | 85% | 87% | 82% | 84% | +8.0% |
| Subscription Operations | — | — | 9% | 9% | 9% | 9% | 11% | 11% | +28.6% |
| Wholesale Operations | 6% | 4% | 6% | 5% | 6% | 4% | 6% | 5% | +18.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
URBN operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| New stores opened FP Movement | 12The expansion strategy for FP Movement remains on track, which successfully opened 12 new stores during the quarter, bringing the total to 88 retail locations to date.Source: earnings call transcript | 6This was driven by a 15% retail segment comp, strong non-comp performance, 6 new store openings in the quarter and 48% wholesale growth.Source: earnings call transcript | 4The expansion strategy for FP Movement remains on track as they successfully opened 4 new stores during the quarter.Source: earnings call transcript | -33.3% |
| Stores FP Movement | 88The expansion strategy for FP Movement remains on track, which successfully opened 12 new stores during the quarter, bringing the total to 88 retail locations to date.Source: earnings call transcript | — | 97This brings the total number of stand-alone stores to 97.Source: earnings call transcript | — |
| Stores Free People Europe | — | 13We currently operate 13 European locations, and our wholesale business remains underpenetrated, leaving us a massive runway for growth.Source: earnings call transcript | 14We're managing 14 stores currently across the UK and Europe.Source: earnings call transcript | +7.7% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
496 filings between Nov 26, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$342.85M
407 sales by 8 insiders
98% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 46
- Option exercise — converted options into shares
- 38
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| HAYNE RICHARD A | — | $301.83M | Feb 20, 2026 |
| Hayne Margaret | — | $37.41M | Feb 20, 2026 |
| Hayne Azeez | — | $1.02M | May 22, 2026 |
| Marein-Efron Melanie | — | $830.0K | Sep 4, 2026 |
| Conforti Frank | — | $687.3K | May 22, 2026 |
| Smith Tricia D | — | $589.9K | Sep 18, 2026 |
| CHERKEN HARRY S JR | — | $435.3K | Oct 15, 2026 |
| Egan Mary | — | $51.0K | Sep 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | CHERKEN HARRY S JR Director | Sale 10b5-1 plan | 5,000 | $435.3K |
| Oct 7, 2026 | HAYNE RICHARD A CEO & Chairman of the Board | Gift | 236 | $0 |
| Oct 7, 2026 | Hayne Margaret Co-President & CCO | Gift | 236 | $0 |
| Sep 18, 2026 | Smith Tricia D Global CEO Anthropologie Group | Sale | 3,500 | $265.8K |
| Sep 4, 2026 | Marein-Efron Melanie Chief Financial Officer | Sale | 5,700 | $460.3K |
| Sep 1, 2026 | Egan Mary Director | Sale | 650 | $51.0K |
| Jun 29, 2026 | HAYNE RICHARD A CEO & Chairman of the Board | Gift | 62,100 | $0 |
| Jun 29, 2026 | HAYNE RICHARD A CEO & Chairman of the Board | Gift | 13,334 | $0 |
| Jun 2, 2026 | CHERKEN HARRY S JR Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | Morgenfeld Todd R Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | Maredia Amin N. Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | Campbell Kotzman Kelly Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | MCDONALD WESLEY S Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | Egan Mary Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | ANTOIAN EDWARD N Director | Option exercise | 2,100 | — |
| Jun 2, 2026 | Mulliken John Champlin Director | Option exercise | 2,100 | — |
| May 22, 2026 | Hayne Azeez Chief Administrative Officer | Sale | 8,733 | $639.1K |
| May 22, 2026 | Marein-Efron Melanie Chief Financial Officer | Sale | 5,036 | $369.7K |
| May 22, 2026 | Conforti Frank Co-President & COO | Sale | 9,391 | $687.3K |
| May 22, 2026 | ANTOIAN EDWARD N Director | Tax withheld | 6,459 | $474.8K |
| May 22, 2026 | ANTOIAN EDWARD N Director | Option exercise | 20,000 | $474.8K |
| Apr 24, 2026 | HAYNE RICHARD A CEO & Chairman of the Board | Gift | 15,500 | $0 |
| Mar 11, 2026 | Hayne Azeez Chief Administrative Officer | Tax withheld | 1,277 | $82.9K |
| Mar 11, 2026 | Hayne Azeez Chief Administrative Officer | Option exercise | 2,783 | — |
| Mar 11, 2026 | Smith Tricia D Global CEO Anthropologie Group | Tax withheld | 2,756 | $178.9K |
| Mar 11, 2026 | Smith Tricia D Global CEO Anthropologie Group | Option exercise | 5,963 | — |
| Mar 11, 2026 | Smith Tricia D Global CEO Anthropologie Group | Tax withheld | 2,756 | $178.9K |
| Mar 11, 2026 | Hayne Margaret Co-President & CCO | Tax withheld | 3,012 | $195.6K |
| Mar 11, 2026 | Smith Tricia D Global CEO Anthropologie Group | Option exercise | 5,963 | — |
| Mar 11, 2026 | Hayne Azeez Chief Administrative Officer | Option exercise | 2,783 | — |
| Mar 11, 2026 | Hayne Margaret Co-President & CCO | Option exercise | 6,560 | — |
| Mar 11, 2026 | Hayne Margaret Co-President & CCO | Tax withheld | 3,012 | $195.6K |
| Mar 11, 2026 | Conforti Frank Co-President & COO | Option exercise | 6,560 | — |
| Mar 11, 2026 | Conforti Frank Co-President & COO | Tax withheld | 3,012 | $195.6K |
| Mar 11, 2026 | HARRINGTON SHEILA B. Global CEO, UO & FP Groups | Tax withheld | 3,032 | $196.9K |
| Mar 11, 2026 | HARRINGTON SHEILA B. Global CEO, UO & FP Groups | Option exercise | 6,560 | — |
| Mar 11, 2026 | Conforti Frank Co-President & COO | Tax withheld | 3,012 | $195.6K |
| Mar 11, 2026 | HARRINGTON SHEILA B. Global CEO, UO & FP Groups | Tax withheld | 3,032 | $196.9K |
| Mar 11, 2026 | HARRINGTON SHEILA B. Global CEO, UO & FP Groups | Option exercise | 6,560 | — |
| Mar 11, 2026 | Marein-Efron Melanie Chief Financial Officer | Tax withheld | 1,551 | $100.7K |
| Mar 11, 2026 | Marein-Efron Melanie Chief Financial Officer | Option exercise | 3,379 | — |
| Mar 11, 2026 | Hayne Margaret Co-President & CCO | Option exercise | 6,560 | — |
| Mar 11, 2026 | Marein-Efron Melanie Chief Financial Officer | Tax withheld | 1,551 | $100.7K |
| Mar 11, 2026 | Marein-Efron Melanie Chief Financial Officer | Option exercise | 3,379 | — |
| Mar 11, 2026 | Hayne Azeez Chief Administrative Officer | Sale | 5,720 | $377.5K |
| Mar 11, 2026 | Hayne Azeez Chief Administrative Officer | Tax withheld | 1,277 | $82.9K |
| Mar 11, 2026 | Conforti Frank Co-President & COO | Option exercise | 6,560 | — |
| Mar 9, 2026 | Marein-Efron Melanie Chief Financial Officer | Option exercise | 5,000 | — |
| Mar 9, 2026 | Marein-Efron Melanie Chief Financial Officer | Tax withheld | 1,574 | $101.5K |
| Mar 9, 2026 | Marein-Efron Melanie Chief Financial Officer | Option exercise | 5,000 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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