URBN Reports Q4 EPS of $0.21, President Comments

Urban Outfitters Inc. (Nasdaq: URBN) reported Q4 EPS of $0.21 per share, In-Line with estimates. Revenues were $318.6 million vs. $320. 04 million consensus. Comparable store sales at Anthropologie, Free People and Urban Outfitters were up 2%, 21% and 13%, respectively, for a combined 8% increase versus a combined 13% 'comp' increase for the same quarter last year.

Chairman/President Hayne said "February, the first month in our new fiscal year, was a weak month for our stores, but strong for our direct businesses. We remain cautious about our overall business until we navigate through the seismic shift in women's fashion that occurred late last year and customer feedback becomes more consistent. Thus far during the quarter, sales in comparable stores are running below our plan and the previous year, while the direct and wholesale businesses are running nicely ahead."

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