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Urban Outfitters Q4’FY14 net sales climbs 6%

March 11, 2014 (United States Of America)

Urban Outfitters, Inc., a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, announced record net income of $89 million and $282 million for the three months and year ended January 31, 2014, respectively.  Earnings per diluted share were $0.59 and $1.89 for the three months and year ended January 31, 2014, respectively.
 
Total Company net sales for the fourth quarter of fiscal 2014 increased 6% over the same quarter last year to a record $906 million. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 1%. Comparable Retail segment net sales increased 20% at Free People and 10% at Anthropologie and decreased 9% at Urban Outfitters. Wholesale segment net sales increased 24%. 
 
For the year ended January 31, 2014, total Company net sales increased 10% over the prior year to a record $3.1 billion. Comparable Retail segment net sales increased 6%. Wholesale segment net sales increased 20%.
 
"I am pleased to announce that URBN produced record earnings for the fourth quarter and year ending January 31, 2014," said Richard A. Hayne, Chief Executive Officer.  "Looking forward, customer reaction to the new spring fashion offerings at our Anthropologie and Free People brands have been strong, but given the continued challenges facing the Urban Outfitters brand, we remain very cautious about URBN's first quarter performance," finished Mr. Hayne.
 
 
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