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The apparel company's net income rose to $240.7 million from $143.9 million a year earlier, with growth across all brands and segments
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Urban Outfitters reported record second-quarter net sales of $1.66 billion on Wednesday, up 10% from $1.50 billion a year earlier, as its Free People group drove comparable sales growth across every brand in its retail segment.
Net income reached $240.7 million, or $2.78 per diluted share, compared with $143.9 million, or $1.58 per diluted share, in the same period last year. Adjusted earnings per share were $1.72, which excludes a one-time benefit from refunds of tariffs previously paid under the International Emergency Economic Powers Act. Analyst estimates had called for adjusted earnings of $1.72 per share and revenue of $1.65 billion, according to the Wall Street Journal.
