Urban Outfitters (URBN) Q4 Comps Rose 11%

February 7, 2013 7:38 AM EST Send to a Friend
Get Alerts URBN Hot Sheet
Price: $30.70 --0%

EPS Growth %: -3.9%

Financial Fact:
Net income: 67.51M

Today's EPS Names:
AAN, AIMC, B, More
Trade URBN Now!
Join SI Premium – FREE
Urban Outfitters, Inc. (Nasdaq: URBN) announced record net sales for the quarter and year ended January 31, 2013.

Total Company net sales for the fourth quarter of fiscal 2013 increased to $857 million or 17% over the same quarter last year. Comparable retail segment net sales, which include our comparable direct-to-consumer channel, increased 11% while comparable store net sales were flat. Direct-to-consumer returns at stores are charged against store sales. Excluding these returns, comparable store net sales would have been low single-digit positive. Comparable retail segment net sales increased 37% at Free People, 11% at Urban Outfitters and 7% at Anthropologie. Direct-to-consumer net sales surged by 44% for the quarter and wholesale segment net sales rose 22%.

*** The Street was looking for Q4 sales of $840.9 million.

For the year ended January 31, 2013, total Company net sales increased to $2.8 billion or 13% over the prior year. Comparable retail segment net sales increased 7%, while comparable store net sales decreased by 1%. Excluding the direct-to-consumer returns at stores, comparable store net sales would have been low single-digit positive. Direct-to-consumer net sales increased by 31% for the year and wholesale segment net sales increased 12%.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Guidance, Retail Sales

Add Your Comment