TheStreet RealMoney
URBN Preview: Another Upside Surprise?

By Jordan Kahn

About this article:
Urban Outfitters is set to report earnings before the open tomorrow. Consensus estimates are for EPS of 40 cents, which would be a big 67% jump from year-ago levels. The company has beat consensus estimates the last three quarters, and estimate revisions have continued to drift upward. With Anthropologie sales picking up lately, and continued expense control, my guess is that Urban Outfitters will again show a penny or two to the upside. Revenue of $589 million was released in the last same-store sales report, which represents 16% year-over-year growth, a pickup from last quarter's 6% growth rate. By division: comps for Urban Outfitters (39% of sales) were flat; Anthropologie (38% of sales) rose 10%; Free People (2% of sales) rebounded up 11%; and the direct-to-consumer division, which includes Web sites, catalogs, etc. (16% of sales), surged up 28%. Anthropologie continues to show solid performance, Free People...

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