Urban Outfitters (URBN) Q4 Comps Rose 1%, Revs Miss Expectations
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Price: $80.97 +0.48%
EPS Growth %: +17.2%
Financial Fact:
Income from operations: 118.21M
Today's EPS Names:
PMCB, CULP, HURC, More
EPS Growth %: +17.2%
Financial Fact:
Income from operations: 118.21M
Today's EPS Names:
PMCB, CULP, HURC, More
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Urban Outfitters, Inc. (NASDAQ: URBN) announced record net sales for the quarter and year ended January 31, 2014.
Total Company net sales for the fourth quarter of fiscal 2014 increased to $906 million or 6% over the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 1%. Comparable Retail segment net sales increased 20% at Free People and 10% at Anthropologie and decreased 9% at Urban Outfitters. Wholesale segment net sales rose 24%.
For the year ended January 31, 2014, total Company net sales increased to $3.1 billion or 10% over the prior year. Comparable Retail segment net sales increased 6%. Wholesale segment net sales increased 20%.
*** The Street was looking for Q4 revs of $925.7 million and FY13 rvs of $3.11 billion.
"I am pleased to announce record URBN sales for the fourth quarter of fiscal 2014 driven by outstanding performances from the Anthropologie and Free People brands," said Richard A. Hayne, Chief Executive Officer. "Although customer response to our early spring fashion offerings has been difficult to read due to weather abnormalities, the Anthropologie and Free People brands continue to deliver solid comparable Retail segment sales gains. These gains, however, have been largely offset by weakness at the Urban Outfitters brand," finished Mr. Hayne.
Total Company net sales for the fourth quarter of fiscal 2014 increased to $906 million or 6% over the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 1%. Comparable Retail segment net sales increased 20% at Free People and 10% at Anthropologie and decreased 9% at Urban Outfitters. Wholesale segment net sales rose 24%.
For the year ended January 31, 2014, total Company net sales increased to $3.1 billion or 10% over the prior year. Comparable Retail segment net sales increased 6%. Wholesale segment net sales increased 20%.
*** The Street was looking for Q4 revs of $925.7 million and FY13 rvs of $3.11 billion.
"I am pleased to announce record URBN sales for the fourth quarter of fiscal 2014 driven by outstanding performances from the Anthropologie and Free People brands," said Richard A. Hayne, Chief Executive Officer. "Although customer response to our early spring fashion offerings has been difficult to read due to weather abnormalities, the Anthropologie and Free People brands continue to deliver solid comparable Retail segment sales gains. These gains, however, have been largely offset by weakness at the Urban Outfitters brand," finished Mr. Hayne.
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