Urban Outfitters releases transcript of FY27 Q2 earnings call
URBN•FY27 Q3 outlook
FY27 Q3 plan calls for high-single-digit sales growth; retail segment comps mid-single digits; Nuuly revenue growth in the high twenties.
Nuuly performance
Nuuly revenue increased 29% to USD 179 million; average active subscribers reached 484,000; operating income hit 10% at USD 18 million.
Capital spending and store plans
FY27 capex planned at about USD 475 million; 54 store openings planned; 18 closures; tariff anniversary seen as favorable in 2H.
Earnings call participants and headline results
Urban Outfitters’ FY27 Q2 earnings call drew CEO Richard A. Hayne, Co-President and COO Frank Conforti, Co-President and CCO Margaret Hayne, and CFO Melanie Marein-Efron.
Q2 net sales rose 10% to USD 1.7 billion; operating income increased 11% to USD 193 million; EPS rose 9% to USD 1.72.
