1403 ET [Dow Jones]--Urban Outfitters' clothing rental service, Nuuly, looks like an increasingly important and seemingly underappreciated growth and profit driver, Baird analysts say in a note. Nuuly has a competitive advantage compared to other rental service peers, given its ability to leverage the product, marketing expertise, consumer insights and finances of Urban's broader business, the analysts say. While accounting for less than 10% of total sales, Nuuly contributed around a third of total sales growth last year and in 1Q, the analysts note. The service should eventually boost Urban's margins and earnings power as it targets $1B in sales in the medium term, the analysts say, upgrading Urban's stock to outperform. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 11, 2025 14:05 ET (18:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。