Urban Outfitters Stock Surged Wednesday: What Happened?
Urban Outfitters Stock Surged Wednesday: What Happened?
Urban Outfitters, Inc. (NASDAQ:URBN) shares traded higher on Wednesday following the release of the company's third-quarter earnings report, which exceeded expectations. Here's what you need to know.
城市服裝公司（納斯達克：URBN）在週三股價上漲，因公司第三季度業績發佈，超出預期。以下是您需要了解的內容。
What To Know: Urban Outfitters reported third-quarter earnings per share of $1.10, beating estimates of 89 cents. Revenue came in at $1.36 billion, up 6.3% year-over-year and ahead of the consensus estimate of $1.32 billion.
要知道：都市服飾發佈了第三季度每股收益$1.10，超出預期的$0.89。營業收入爲$13.6億，同比增長6.3%，超過了共識預期的$13.2億。
The company posted net income of $102.9 million for the quarter, compared to $83 million a year ago. Retail net sales rose 3.2%, with comparable retail sales up 1.5%. Anthropologie and Free People brands reported comparable sales growth of 5.8% and 5.3%, respectively, while Urban Outfitters brand sales fell 8.9%.
該公司第三季度淨利潤爲$10290萬，去年同期爲$8300萬。零售淨銷售額增長3.2%，可比零售銷售額增長1.5%。Anthropologie和Free People品牌的可比銷售增長分別爲5.8%和5.3%，而都市服飾品牌的銷售額則下降了8.9%。
See More: These Analysts Increase Their Forecasts On Urban Outfitters After Q3 Results
查看更多：這些分析師在都市服飾第三季度業績後提高了他們的預測
Nuuly, the company's subscription rental service, grew sales by 48.4%, supported by a 51% increase in active subscribers. Wholesale revenue increased 17.4%, driven by a 20.3% rise in Free People wholesale sales, partially offset by declining Urban Outfitters wholesale revenue.
Nuuly，這家公司的訂閱租賃服務，銷售額增長了48.4%，活躍的訂閱用戶數增加了51%。批發收入增長了17.4%，這主要是由於Free People的批發銷售增長了20.3%，部分被都市服飾的批發收入下降所抵消。
Gross profit for the quarter rose 9.4% to $497.3 million, with a 105-basis-point improvement in gross margin due to higher merchandise markups and fewer markdowns at Urban Outfitters. Operating expenses increased 6.7%, reflecting higher marketing and store payroll costs.
本季度毛利潤增長9.4%至$49730萬，毛利率改善了105個點子，得益於商品標價提高和都市服飾減少打折。營業費用增長了6.7%，反映了更高的營銷和店鋪工資成本。
"These results were driven by outperformance across all three business segments – Retail, Subscription and Wholesale. Additionally, we're optimistic about the outlook for Holiday demand and believe total comparable sales could be similar to our third quarter results," said Richard Hayne, CEO of Urban Outfitters.
「這些結果得益於所有三個業務部門的超預期表現——零售、訂閱和批發。此外，我們對假期需求的前景持樂觀態度，並相信總可比銷售額可能與我們的第三季度業績相似。」都市服飾的首席執行官Richard Hayne說。
The company ended the quarter with $182.5 million in cash, $340.4 million in marketable securities and a 10% inventory increase, largely due to early holiday merchandise shipments and higher sales expectations.
該公司季度末現金餘額爲$18250萬，市場證券爲$34040萬，庫存增加了10%，這主要是由於提前的假期商品運輸和更高的銷售預期。
Following the print, several analysts raised price targets, which appears to have helped push shares higher on Wednesday.
在業績發佈後，多位分析師上調了目標價，這似乎幫助推動了週三的股價上漲。
- Citigroup analyst Paul Lejuez upgraded Urban Outfitters from Neutral to Buy and raised the price target from $42 to $59.
- 花旗集團分析師保羅·萊吉茲將都市服飾從中立升級到買入，並將目標股價從42美元提高至59美元。
- Telsey Advisory Group analyst Dana Telsey maintained a Market Perform and raised the price target from $44 to $46.
- Telsey Advisory Group的分析師達納·特爾西維持市場表現，目標價從44美元上調至46美元。
- BofA Securities analyst Lorraine Hutchinson maintained a Buy and raised the price target from $46 to $53.
- 美銀證券的分析師洛林·哈欽森維持買入，目標價從46美元上調至53美元。
- Barclays analyst Adrienne Yih maintained an Overweight and raised the price target from $43 to $51.
- 巴克萊銀行的分析師阿德里安·易維持超配，目標價從43美元上調至51美元。
- Wells Fargo analyst Ike Boruchow maintained an Equal-Weight and raised the price target from $40 to $48.
- 富國銀行的分析師艾克·博魯喬維持等權重，目標價從40美元上調至48美元。
URBN Price Action: Urban Outfitters shares closed Wednesday up 18.3% at $47.49, according to Benzinga Pro.
URBN價格動態：都市服飾的股票週三收盤上漲18.3%，至47.49美元，按照Benzinga Pro的數據。
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圖片來自Shutterstock。
譯文內容由第三人軟體翻譯。
