Urban Outfitters’ Q4 sales up 5.7%

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Urban Outfitters’ Q4 sales up 5.7%

By Marianne Wilson - 02/09/2018
The direct-to-consumer channel helped fuel Urban Outfitter in its fourth quarter.

Total company sales rose 5.7% to $1.09 billion in the quarter ended January 31, from $1.03 billion. Same-store sales in the retail segment increased 4%, driven by double-digit growth in the direct-to-consumer channel and stronger apparel sales in January.

By brand, same-store sales rose 8% at Free People. 5% at Anthropologie and 2% Urban Outfitters grew 2%.

For the year ended Jan. 31, total company net sales increased 2% to $3.6 billion. Same-store sales in the retail segment were flat. Wholesale segment net sales increased 9.5%.

Urban Outfitters opened 18 locations in its recently completed year, including eight Free People stores, five Urban Outfitters stores, four Anthropologie Group stores and one restaurant. It ended the year with 245 Urban Outfitters stores in the U.S., Canada, and Europe and websites; 226 Anthropologie Group stores in the U.S., Canada and Europe, catalogs and websites; 132 Free People stores in the U.S. and Canada, catalogs and websites and 10 restaurants.

Urban Outfitters is scheduled to release fourth-quarter earnings on March 6.

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