Key Takeaways URBN's Q1 gross margin moved up 278 bps to 36.8%, aided by lower markdowns and reduced delivery costs. Operating income jumped 72% to $128.2M, with the operating margin rising 340 bps to 9.6% of sales. Management sees Q2 margin gains of 50-100 bps and targets a 10% operating margin for fiscal 2026.Urban Outfitters Inc. (URBN) reported a strong start to fiscal 2026, driven by improved profitability and greater operational efficiency. In the first quarter, gross profit rose 19.8% year over yea ...