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Urban Outfitters sees record sales in Q4

Published
today Feb 8, 2019
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Philadelphia-based lifestyle group Urban Outfitters, Inc. announced its Q4 and 12-month sales results on Thursday, reporting record quarterly revenues driven by double-digit growth in its digital channels.


Urban Outfitters, Inc. has reported record Q4 sales - Instagram: @urbanoutfitters

 
The company, whose brands include Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters, saw its net sales for the three months ended January 31, 2019 increase 3.7% to $1.13 billion, compared to $1.09 billion in the prior-year period.
 
The group’s strong digital sales were partially offset by negative store sales, leading to an overall increase of 3% in comparable retail segment revenues. Wholesale revenues also grew 3% over the period.

By brand, both Urban Outfitters and Free People saw an increase in comparable retail segment sales of 4%, while sales at Anthropologie Group rose 2%.
 
“I’m pleased to report record fourth quarter revenues and the sixth consecutive quarter all brands delivered positive Retail segment ‘comps’,” said Urban Outfitters, Inc. CEO Richard A. Hayne in a release.
 
For the 12-month period ended January 31, 2019, total company sales came to $4.0 billion, a 9.3% increase when compared to the $3.62 billion reported by the group in the previous year.
 
Comparable retail segment sales rose 8% over the year, reflecting double-digit growth in the digital channel and positive retail store sales, while wholesale segment net sales rose 10%.
 
Over the course of the year, the group opened a total of 18 company-operated stores and added the company's first five franchisee-owned locations to its retail network. 
 
The company intends to announce its full fourth-quarter and fiscal 2019 financial results on March 5, 2019.

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