Urban Outfitters’ record Q3

Urban Outfitters just delivered record Q3 numbers, with revenue up about 12% year on year, strong same-store sales growth, and a big beat on earnings per share. Its Nuuly rental business also saw subscription sales jump around 49%, showing real momentum in rental and circular fashion.

Winners -

1. Youth and lifestyle fashion retailers

Reason: Strong comps at Urban Outfitters’ core brand signal healthy demand from younger shoppers for trend-driven lifestyle apparel, both online and in stores. Peers with similar demographics and mall exposure can benefit from the same tailwinds.

* $URBN (Urban Outfitters)

* $AEO (American Eagle Outfitters)

2. Premium and activewear lifestyle brands

Reason: Growth at Anthropologie, Free People and FP Movement sh ...