Urban Outfitters Q3 sales hit record $862 million; quarterly profit falls to $47 million
Urban Outfitters reported record third-quarter net sales of $862 million for the three months ended October 31, 2016, up 5% from a year earlier, but quarterly net income fell to $47 million from $52 million. For shareholders, sales growth was offset by lower quarterly profit, with higher SG&A expenses including about 50 basis points of one-time legal settlements, though nine-month diluted EPS rose to $1.31 from $1.18.
Key points
- Q3 net sales $862 million, up 5% from $825 million; Wholesale segment sales up 30%
- Q3 net income $47 million vs. $52 million; diluted EPS $0.40 vs. $0.42
- Nine months diluted EPS $1.31 vs. $1.18; nine-month net income $154 million
- Q3 SG&A rose 143 basis points as a percent of sales, partly due to one-time legal settlements of about 50 basis points
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 23, 2016.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.