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Urban Outfitters Reports Record Q4 Sales

Stocks in this article: URBN

PHILADELPHIA, Feb. 10, 2014 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, today 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%.

"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.

Net sales by brand and segment for the three and twelve month periods were as follows:

  Three Months Ended Twelve Months Ended
  January 31, January 31,
Net sales by brand 2014 2013 2014 2013
Urban Outfitters $398,021 $415,483 $1,369,302 $1,324,381
Anthropologie 373,959 334,792 1,264,242 1,118,609
Free People 122,861 97,736 416,369 320,683
Other 11,017 8,821 36,695 31,252
Total Company $905,858 $856,832 $3,086,608 $2,794,925
         
Net sales by segment      
Retail Segment $857,953 $818,099 $2,908,981 $2,646,284
Wholesale Segment 47,905 38,733 177,627 148,641
Total Company $905,858 $856,832 $3,086,608 $2,794,925

During the year ended January 31, 2014, the Company opened a total of 38 new stores including: 16 Urban Outfitters stores, 13 Free People stores and 9 Anthropologie stores, and closed 1 Urban Outfitters store and 2 Anthropologie stores.

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