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Urban Outfitters produces healthy Q4 earnings

06 Mar '09
3 min read

The Company's annual effective tax rate was 35.6% versus 31.6% for the prior year. The prior year's rate was favorably impacted by the receipt of one-time federal tax incentives for work performed on the development of our new home office. The Company estimates that next year's tax rate will be similar to this year.

During the year ended January 31, 2009 the Company opened 20 Urban Outfitters stores, 13 Anthropologie stores, 15 Free People stores and 1 Terrain garden center or 49 new stores in total. The Company plans to open 42 to 45 new stores during fiscal year 2010.

Urban Outfitters Inc

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