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Urban Outfitters hits all-time high on record Q1 results as shoppers flock to its banner brands

Sales climbed across Anthropologie, Free People, and rental service Nuuly —and demand isn’t slowing yet.

5/22/25 9:23AM

Urban Outfitters popped nearly 21%, hitting a fresh all-time high Thursday after the trendy retailer reported blockbuster Q1 earnings. Earnings per share came in at $1.16, handily beating FactSet estimates of $0.86. Revenue climbed 10% to a quarterly record of $1.3 billion, topping Wall Street’s $1.29 billion forecast.

Much of the strength came from Urban’s cult-favorite apparel and lifestyle brands Anthropologie and Free People. Anthropologie alone accounted for over 40% of total revenue for the quarter. Urban also credited stronger marketing campaigns for driving traffic. Meanwhile, clothing rental business Nuuly saw revenue surge 60% as average active subscribers jumped 53%.

“Our success was driven by positive sales growth and improved profitability across all brands and segments,” CEO Richard Hayne said. “We believe these results demonstrate the strength of our brands and the effectiveness of our strategy.”

Wall Street’s warming up, too: Morgan Stanley bumped its price target to $77 from $62, keeping an “overweight” rating, saying the retailer is better equipped than its peers to weather downturns, with a clear runway for revenue and margin growth through 2026.

Urban also said it’s well diversified on the tariff front, with no single country making up more than 25% of production and China accounting for less than 5%. On the earnings call, Urban’s COO said the company plans to “gently and sparingly” raise prices and only in spots where it thinks shoppers are less likely to flinch.

The results are a sharp 180 from rival American Eagle, which tumbled nearly 14% earlier this month after posting disappointing Q1 prelims and yanking its full-year outlook. Today’s rally puts Urban’s stock into positive territory on the year and up over 50% over the past 12 months.

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Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

J. Edward Moreno

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Moderna, Pfizer dip after WaPo reports Trump officials’ plan to link Covid vaccines to child deaths

Vaccine makers are falling after The Washington Post reported that the Trump administration plans to link the coronavirus vaccine to 25 child deaths.

Moderna and Pfizer, the two companies who sell the vaccine in the US, fell by more than 5% and 2%, respectively. The coronavirus vaccine is virtually the only revenue driver for Moderna, while Pfizer has a larger and more diverse portfolio.

Trump officials to link child deaths to covid shots, alarming career scientists

Hyunsoo Rim

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Concerns about rising government debt are not strictly an American problem

Global government debt piles are swelling to record levels. That’s an issue for many nations, but developing countries may be most at risk.

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RH slips after missing Q2 estimates and trimming its outlook amid cost pressure

Restoration Hardware shares dropped Friday morning after the luxury furniture brand missed Q2 estimates and tightened its full-year outlook.

Adjusted earnings per share came in at $2.93, below the Street’s estimate of $3.21. Revenue was $899.2 million, also missing analysts’ forecast of $905 million.

RH now expects full-year revenue growth of 9% to 11%, down from prior guidance of 10% to 13%, as margins get squeezed by tariffs and weakness in the housing market. Wall Street had been looking for about 10% growth this year.

The retailer is taking steps to blunt cost pressures, including shifting sourcing away from China. RH expects receipts to fall from 16% in Q1 to 2% in Q4, with vendors absorbing a meaningful portion of the tariff impact. RH is also boosting US manufacturing capacity in North Carolina and pushing back a new concept launch to next spring.

RH shares are down about 43% year to date.

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Super Micro rises as the company begins shipments of Nvidia Blackwell chips

Super Micro Computer jumped over 6% in premarket trading on Friday after the company announced it has started shipping “Plug-and-Play (PnP)-ready” racks powered by Nvidia’s new Blackwell Ultra chips, giving data center customers a ready-made option to scale up their AI infrastructure.

The rollout enables what SMCI calls “turn-key day-one” operations, with the entire racks preassembled and tested to work out of the box.

“Data center customers face many AI infrastructure challenges: complex network topology and cabling, power delivery, and thermal management,” CEO Charles Liang said. “Through Supermicro Data Center Building Block Solutions with our expertise in on-site deployment, we enable turn-key delivery of the highest-performance AI platform — critical for customers seeking to invest in cutting-edge technology.”

The company says the new system’s performance jumps up to 7.5x over Nvidia’s previous-generation chips. It’s also designed to run more efficiently, using less power and water while taking up less floor space, cutting the overall operating costs by 20%, according to the statement.

The launch comes after a rocky August, when SMCI’s shares plunged on weaker-than-expected quarterly results and management trimmed its annual revenue target.

Investors in Super Micro have endured much volatility this year, as the company has failed to deliver on multiple occasions. Even so, the shares are up nearly 50% year to date.