Urban Outfitters reports record Q1 sales of $1.48B and net income $115.7M, EPS $1.30
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Urban Outfitters reported record Q1 sales of $1.48 billion, with a net income of $115.7 million and diluted EPS of $1.30. Sales rose 11.4% year-over-year, driven by a strong retail segment and a 34.5% increase in subscription sales. The company repurchased 4.6 million shares during the quarter, with 10 million shares remaining under the buyback program.
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