Urban Outfitters Inc.'s rental service Nuuly is accelerating growth, with second-quarter fiscal 2027 revenues up 29% year over year to $179 million and average active subscribers rising 30% to 484,000, an increase of 113,000. Active subscribers exceeded 500,000 in early June before easing with typical summer seasonality. Adjusted Subscription segment operating income increased 44% to $18 million, with the adjusted operating margin expanding 106 basis points to 10.1%. Nuuly's assortment grew 35% to nearly 33,000 choices, with Nike rolling out in August and J.Crew debuting in October. Management projects high-20% revenue growth for the third quarter and full fiscal 2027, with revenues exceeding $700 million and a high-single-digit operating margin, supported by planned automation and an East Coast expansion that should enable the network to support roughly 1.2 million subscribers.
Urban Outfitters IncNuuly's subscriber surge and revenue growth drive Urban Outfitters' performance.
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