Urban Outfitters Tops Street; Sales Up 25%

Urban Outfitters saw its first-quarter earnings top estimates as sales rose 25%.
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PHILADELPHIA (

TheStreet

) --

Urban Outfitters

(URBN) - Get Report

saw its first-quarter earnings top estimates as sales rose 25%.

The retailer, which operates Urban Outfitters, Anthropologie and Free People stores, said earnings were $53 million, or 31 cents a share, compared with year-earlier earnings of $30.8 million, or 18 cents a share.

Sales were $480 million, Urban Outfitters said Thursday.

Analysts surveyed by Thomson Reuters anticipated earnings of 30 cents a share on revenue of $476.6 million.

Gross profit margins improved by 459 basis points vs. last year, the company said.

-- Reported by Joseph Woelfel in New York.

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