Urban Outfitters grows 11% to $6.2B amid tariff escalation and $46M charitable gift

Filed April 1, 2026 · Period ending January 31, 2026 · Compared to 10-K Apr 1, 2025 · ~2 min read

Key Changes

• high

  Net sales grew 11% to $6.2B with gross margin expanding 130bp to 36%, driven by lower markdowns at Urban Outfitters and Free People plus occupancy leverage. Operating margin reached 9.8%, up from 8.5% prior year.

  MD&A: Financial Results verify on EDGAR →
• high

  Company faces material tariff risk after 2025 U.S. tariff increases, reciprocal foreign tariffs, Supreme Court invalidation of IEEPA tariffs, and February 2026 global tariff imposition. Management pursuing vendor negotiation, dual-sourcing, and pricing actions but warns tariffs could negatively impact results.

  MD&A: Tariff Risk; Risk Factors verify on EDGAR →
• high

  Subscription segment (Nuuly) grew 50% with 45% subscriber increase, now representing 9.2% of total sales (up from 6.8%). Company purchased Raymore fulfillment center in March 2026, converting from lease to owned asset.

  MD&A: Subscription Segment; Business verify on EDGAR →