Urban Outfitters sees record Q2 sales, profit slides

Philadelphia -- Urban Outfitters Inc. reported that profit for the second quarter dipped to $67.5 million, compared with $76.4 million last year.



Revenue rose to a record $811 million from $758.5 million, solidly beating analysts’ projections of $805 million in sales. Same-store sales increased 21% at Free People and 6% at the Anthropologie Group, and decreased 10% at Urban Outfitters.



Urban Outfitters operates under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters banners.