Urban company

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Specialty lifestyle apparel retailer Urban Outfitters Inc. (NASDAQ: URBN) stock has staged a turnaround along with its business. The company operates under many popular brands, including Anthropologie, Terrain, Free People, FP Movement, Nuuly, Â Menus & Venues Restaurants and Urban Outfitters. Like most Margin Expansion Improvement in supply chains and falling freight costs have contributed to margin expansion for Urban Outfitters, which is expected to improve by 300 bps in Q2 2023. This has been echoed by competing retailers like Abercrombie & Fitch Co. (NYSE: ANF) and Lululemon Athletica Inc. (NASDAQ: LULU) as they return to margin expansion. They've trimmed markdown activities to reverse the margin compression of 2022. Strong Top and Bottom Line Growth On May 23, 2023, Urban Outfitters released its fiscal first-quarter 2023 results for the quarter ending April 2023. The Company reported a record earnings-per-share (EPS) of $0.56, excluding non-recurring items, versus consensus analyst estimates for a profit of $0.36, a $0.20 per share beat. The gross profit rate increased by 260 bps. Gross profit dollars rose 14.8% to $371.2 million from $323.3 million in the year-ago period. Net income was $52.8 million hitting a record first-quarter EPS. Net sales rose 5% to a record $1.11 billion. Revenues rose 5.7% year-over-year (YoY) to $1.11 billion, beating consensus analyst estimates for $1.09 billion. Comparable retail net sales increased by 17% at the Free People Group and 13...

Several gig workers told Inc42 that the company has made its partner policies more stringent over time, causing distress to them Urban Company is blocking their IDs (both temporarily and permanently) due to issues such as booking cancellations, taking off from work for two to three days, and a fall in user rating, we were told The Urban Company beautician partners have been facing the issue of frequent blocking of IDs for nearly a year now Amidst a growing wave of gig workers speaking out against alleged unfair employment practices employed by various startups, a large group of beautician partners on Monday (June 12) gathered at the Gurugram office of Urban Company to raise the issue of purported permanent blocking of IDs by the company. Inc42 team spoke with over a dozen partners present at the premises, who said that the company has made its partner policies stringent over time causing distress to them. The Urban Company beautician partners have been facing the issue of frequent blocking of IDs for nearly a year now. However, the problem has accelerated over the past couple of months. According to the protesting workers, the company has been blocking their IDs (both temporarily and permanently) due to issues such as booking cancellations, and a fall in user rating, just to name a few. Notably, the group of agitating partners said that earlier the company’s beautician partners had to maintain a minimum rating of 4.5 to be eligible for operating on the app. Now, they have ...