Urban Outfitters posted Q1 adjusted EPS $1.30, beating consensus $1.14 by $0.16.
Revenue rose 11.4% YoY to a record $1.48 bn, surpassing the $1.46 bn estimate.
Retail comparable sales rose 5.6%; wholesale sales +24.8%; subscription (Nuuly) sales +34.5%.
Company repurchased 4.6 m shares for ~$300 m, leaving 10 m authorized; gross profit margin fell 16 bps to 36.6%.