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Urban Outfitter’s 3Q Sales Up 6%

(Filed Under Financial and General Interest News). Sales were up overall for Urban Outfitters, Inc. during the third quarter ended October 31, 2009, although the wholesale segment continued to suffer. The company posted net sales of $506 million, a 6 percent increase over last year’s third quarter. Comparable retail segment sales—which include the direct-to-consumer channel—grew 2 percent. Comparable store sales for the company’s Anthropologie segment rose 3 percent, while the Free People and Urban Outfitters segments declined 13 percent and 5 percent, respectively. Total company comparable net sales dropped 2 percent, and direct-to-consumer net sales jumped 21 percent. Wholesale net sales dropped 10 percent.

During the nine months ended October 31, 2009, the company opened 25 new stores including nine Urban Outfitters, 12 Anthropologies including the first Anthropologie in Europe, and four Free People stores. The company expects to open between 32 and 34 new stores during the full fiscal year.

Urban Outfitters, Inc. is a specialty retail company offering lifestyle merchandise, including intimate apparel, through 151 Urban Outfitters, 133 Anthropologie stores and 34 Free People stores and a wholesale Free People segment. For further information, contact John Kyees, chief financial officer for the company: (215) 454-5500.

more Financial and General Interest News >>

Published 11-09-2009 by Amanda Torres Price

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Urban Outfitter’s 3Q Sales Up 6%

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