Urban Outfitters Q4 sales up 27%, same-store sales rise
07 Feb '06
2 min read
Leading lifestyle consumer products company operating under the Urban Outfitters, Free People and Anthropologie brands, Urban Outfitters Inc has reported record sales for the fourth quarter and fiscal year ended January 31, 2006.
Total sales for the fourth quarter jumped 27 percent to a record $319 million. Total same-store sales for the quarter at Urban Outfitters, Free People and Anthropologie stores were up 13 percent, 21 percent and 2 percent, respectively, for a combined 8 percent increase versus a combined 13 percent increase for the same quarter last year.
Direct-to-consumer sales increased 28 percent for the quarter, with strong growth at all brands. Free People Wholesale sales jumped 110 percent for the quarter.
Richard Hayne, Chairman and President said, "We are very pleased to report another record breaking quarter which pushed sales for the year above the billion dollar mark for the first time."
"In addition, response to our spring offerings is strong across all three brands, with the Free People businesses leading the gains," he added.
Sales for the year ended January 31, 2006 rose 32 percent, to a record $1.1 billion. Total same-store sales for the period increased 11 percent versus a 22 percent increase last year. Direct-to-consumer sales surged by 39 percent while Free People Wholesale sales jumped by 94 percent.
During fiscal 2006, the company opened 15 Urban Outfitters stores, 14 Anthropologie stores and 4 Free People stores or 33 new stores in total.
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