Urban Outfitters Surges on Record Q1 2026 Results

Urban Outfitters, Inc. reported record first-quarter earnings for fiscal year 2026, with earnings per share rising 78% year-over-year to $1.16 and revenue up 10.7% to $1.33 billion. Comparable sales grew 5%, led by 7% growth at Anthropologie, 3% at Free People, and 2% at its namesake stores, while the Nuuly subscription service made a strong contribution. The gross profit margin expanded to 36.8%, reflecting reduced markdowns and effective expense management. Shares surged by as much as 17.45% in after-hours trading, highlighting investor confidence. The company opened 13 new stores and repurchased 3.3 million shares during the quarter. Executives noted that while price increases could be used to counter trade tensions, tariffs have had minimal impact so far.