Urban Outfitters Inc. (URBN), which owns brands like Anthropologie and Free People, got hit by the recently introduced tax law in the fourth quarter ended January 31, 2018. Net income was $1.32 million or $0.01 per share compared to $64.29 million or $0.55 per share in the prior-year quarter.
On an adjusted basis, earnings grew 21% to $0.69 per share. The one-time charge related to the Tax Cuts and Jobs Act amounted to about $64.7 million in the quarter.
Sales increased 5.7% to $1.09 billion year-over-year, boosted by positive comp sales in all three brands. Comparable sales for the Retail segment increased 4% and net sales for the Wholesale segment increased 6.3% in the recently ended quarter.
In the fiscal year 2018, the retailer opened 18 new locations and closed 11 locations.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
