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Urban Outfitters, Inc. URBN shares are rising after the company reported first-quarter financial results after the bell Tuesday. Here's a look at the details.

The Details: Urban Outfitters reported quarterly earnings of 69 cents per share, which beat the analyst consensus estimate of 52 cents by 32.69%. Quarterly sales clocked in at $1.

2 billion, beating the analyst consensus estimate of $1.175 billion by 2.12% and representing a 7.

75% increase over sales of $1.114 billion from the same period last year. Total retail segment net sales increased 5.

8%, with comparable retail segment net sales increasing 4.6%. The company said the increase in retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales.

Comparable retail segment net sales increased 17.1% at Free People and 10.4% at Anthropologie and decreased 13.

7% at Urban Outfitters. Wholesale segment net sales increased 3.4%, driven by a 6.

3% increase in Free People wholesale sales due to a jump in sales to department stores and specialty customers, partially offset by a decrease in Urban Outfitters wholesale sales. Nuuly segment net sales increased by 51.4%, primarily driven by a 45% increase in average active subscribers in the current quarter versus the prior year comparable quarter.

Urban Outfitters said its total inventory decreased by 1.9% year-over-year as of April 30. “We are pleased to re.

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