Urban Outfitters (NASDAQ:URBN) is expected to report Q1 earnings before the market open on Thursday, May 14 with a conference call scheduled for 11:00 am ET.
Analysts are looking for a profit of 17c on revenue of $390.35M. The consensus range is 13c-19c for EPS, and revenue of $384.6M-$421.6M, according to First Call. On May 7 the company reported same-store sales fell 10% in Q1, with SSS down 6% at namesake stores, 13% at Anthropologie, and 23% at Free People.
Preliminary total sales fell 2% during the three month period to $385M, but the apparel retailer said sales appeared to be improving in the second half of April. Margaret Whitfield at Stern Agee continues to expect challenging comparisons for the next two quarters, particularly at namesake stores. Wedbush has concerns about decelerating business momentum and softening wholesale business that may affect near-term earnings power. FBR Capital sees a slight upside to Q1 earnings, but earnings will be pressured by negative comps and margin pressure. The firm noted that the company is preparing to face "a stretch of very difficult comp compares."