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Urban Outfitters fiscal Q3 profit climbs 5.6% YOY

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Urban Outfitters fiscal Q3 profit climbs 5.6% YOY

Urban Outfitters Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to 41 cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS increased 16.0% year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $50.9 million, a gain of 5.6% from $48.2 million in the year-earlier period.

The normalized profit margin increased to 6.2% from 5.9% in the year-earlier period.

Total revenue climbed on an annual basis to $825.3 million from $814.5 million, and total operating expenses totaled $744.9 million, compared with $738.0 million in the year-earlier period.

Reported net income increased 9.2% from the prior-year period to $52.0 million, or 42 cents per share, from $47.6 million, or 35 cents per share.