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Urban Outfitters’ Hidden Growth Engine — Nuuly Crosses 500,000 Subscribers!

Urban Outfitters, Inc. reported its second quarter of fiscal year 2027 with continued sales and profitability growth across its diversified portfolio. The company achieved record quarterly net sales of $1.7 billion, a 10% increase year-over-year, alongside an 11% rise in operating income to $193 million, and a 9% growth in adjusted earnings per share to $1.72. This marks the eighth consecutive quarter of record sales and profits, supported by positive same-store sales comps in all retail segment brands, and strong performance in wholesale and subscription services. The company’s retail segment demonstrated robust growth, with a 6% retail comp increase driven by digital sales slightly outpacing store comps. Notably, the Free People group led with 15% total revenue growth fueled by retail comps of 10% and strong wholesale gains of 19%, while Urban Outfitters’ global retail comp grew 8%, exhibiting strength in North America and Europe.