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Urban Outfitters: Nothing but Anthropologie

NEW YORK ( TheStreet) -- Urban Outfitter's (URBN - Get Report) Anthropolgie chain is keeping the company afloat, as its namesake chain and Free People concept weighed on third-quarter results.

During the quarter, the company earned $62.4 million, or 36 cents a share, compared with $59.3 million, or 35 cents, in the year-ago period. Analysts expected the company to earn 35 cents a share.

Revenue rose 6% to $505.9 million from $478 million last year. Total same-store sales, however, slipped 2%, weighed down by its Free People concept.

The Holiday Retail Trade




By division, comparable sales grew 3% at Anthropologie, fell 5% at its namesake brand and plunged 13% at Free People.

Direct-to-consumer sales spiked 21%, while wholesale tumbled 10%.

-- Reported by Jeanine Poggi in New York

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Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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