Urban Outfitters Inc. reported record second-quarter sales, operating income and earnings per share for the three months ended July 31, 2026, extending its record streak to eight quarters. Net sales rose 10% to $1.7 billion, diluted earnings per share increased 9% to $1.72, operating income climbed 11% to $193 million and net income reached $149 million. Every retail brand posted positive comparable sales, with the retail segment up 6%. The FP Group led growth with revenue up 15%, including 26% growth at FP Movement, while Nuuly revenue rose 29% to $179 million and average active subscribers reached 484,000 after surpassing 500,000 in early June. Management expects high-single-digit sales growth for the fiscal year, approximately $475 million in capital expenditures and about 54 store openings against 18 closures in fiscal 2027. Tariffs, Middle East-related fuel surcharges and freight costs remain pressures, although third-quarter gross margin is expected to improve by 25 to 50 basis points from the prior year. An earlier account of the quarter reported net income of $240.7 million, or $2.78 a share, versus $143.9 million, or $1.58, a year earlier; the newer detailed results instead report $149 million of net income and $1.72 of diluted EPS, so the discrepancy and any effect from a potential roughly $100 million IEEPA tariff refund require clarification.