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Urban Outfitters posts record Q3 FY'13 sales
19
Nov '13
Urban Outfitters, Inc. a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, announced net income of $70 million for the three months ended October 31, 2013 and $194 million for the nine months ended October 31, 2013.  
 
Earnings per diluted share were $0.47 and $1.30 for the three and nine months ended October 31, 2013, respectively.
 
Total Company net sales for the third quarter of fiscal 2014 increased to a record $774 million or 12% over the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 7%.
 
Comparable Retail segment net sales increased 30% at Free People and 13% at Anthropologie and decreased 1% at Urban Outfitters. Wholesale segment net sales rose 21%.
 
"Fueled by strong results at our Anthropologie and Free People brands, I am pleased to announce that URBN delivered record third quarter sales and operating profits," said Richard A. Hayne, Chief Executive Officer.  
 
"Despite this solid performance we remain cautious about the fourth quarter given the likelihood of a highly promotional environment and this year's challenging Holiday calendar," finished Mr. Hayne.
 
Click here to view full results 
 
 

Urban Outfitters

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