Urban Outfitters reported second quarter results that exceeded analysts’ expectations.
The retail company’s second-quarter earnings came in at $1.28 per share, compared to analysts’ estimate of 78 cents per share.
Revenue of $1.16 billion also surpassed analysts’ expectation of $1.09 billion.
Net sales rose +20.3% compared to 2019 levels. The company’s comparable retail segment increased +22%, on the back of double-digit growth in digital channel sales that offset low-single digit decreases in retail sales.