Urban Outfitters, Inc. reported a significant increase in financial performance for the first quarter of fiscal 2026, ending April 30, 2025. The company achieved net sales of $1.33 billion, a 10.7% increase from $1.20 billion in the same period last year. Gross profit rose to $489.1 million, up from $408.4 million, resulting in a gross profit margin of 36.8%, compared to 34.0% in the prior year. Net income also saw a substantial increase, reaching $108.3 million, or $1.18 per share, compared to $61.8 million, or $0.66 per share, in the previous year.
The company's Retail segment, which includes brands such as Anthropologie and Free People, contributed significantly to this growth, with net sales increasing by $67.8 million, or 6.4%. The Subscription segment, primarily driven by the Nuuly brand, experienced a notable 59.5% increase in sales, while the Wholesale segment saw a 24.2% rise. The increase in Retail segment sales was attributed to a 4.8% rise in comparable net sales, driven by higher store traffic and improved digital channel performance.
Operationally, Urban Outfitters expanded its store footprint, opening 13 new locations, bringing the total to 744 company-owned stores. The company reported a 14.6% increase in total inventory, amounting to $663.8 million, reflecting both increased sales and early merchandise receipts. The company’s effective tax rate decreased to 21.4% from 23.6% in the prior year, contributing to the improved net income.
In terms of strategic developments, Urban Outfitters continued its share repurchase program, spending $151.9 million to repurchase 3.3 million shares during the quarter. The company also plans to open approximately 64 new retail locations in fiscal 2026, alongside investments in technology and distribution networks. Looking ahead, Urban Outfitters anticipates continued growth driven by its omni-channel strategy, which integrates retail locations with digital platforms, and expects to maintain its focus on expanding its market presence both domestically and internationally.
About URBAN OUTFITTERS INC
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