Urban Outfitters (URBN) stock is surging 17.05% in pre-market trading on Thursday, following the company's impressive first-quarter financial results for fiscal year 2026. The fashion retailer reported record sales and earnings that significantly exceeded analyst expectations, demonstrating robust growth across its brands and business segments.

The company reported earnings per share (EPS) of $1.16, marking a substantial 78.46% increase from $0.65 in the same period last year and handily beating the analyst consensus estimate of $0.82. Revenue for the quarter reached a record $1.33 billion, up 11% year-over-year and surpassing the expected $1.29 billion.

Urban Outfitters' strong performance was driven by growth across all its major brands and business segments. Same-store retail sales increased by 5%, with both in-store and digital channels showing mid-single-digit growth. By brand, Anthropologie led with a 7% increase in same-store sales, followed by Free People at 3% and the namesake Urban Outfitters brand at 2%. The company's Subscription segment saw an impressive 60% surge in sales, while the Wholesale segment reported a 24% increase. CEO Richard Hayne expressed confidence in the company's continued success, citing the strength of their brands and the effectiveness of their strategy.