Urban Outfitters (URBN) stock soared 5.23% in pre-market trading Thursday, following the apparel retailer's fiscal fourth-quarter results that exceeded expectations.

The company reported record quarterly revenue of $1.64 billion, up 9.4% year-over-year, driven by solid performances from its Anthropologie and Free People brands. Earnings per share of $1.04 topped Wall Street estimates of $0.95, fueled by a 17% increase in gross profit dollars and an over 200-basis-point improvement in gross profit margin.

While the core Urban Outfitters brand continued to face challenges with a 3% decline in retail segment comparable sales, the company's growth engines including wholesale operations and new business segments like Nuuly remained robust. The wholesale segment saw a 26% revenue jump, boosted by strong full-price sales at Free People, while the new business segment achieved its first full year of profitability.