Income Rises 62.9% for Urban Outfitters

Share this article:
Urban Outfitters Inc., Philadelphia, yesterday announced record earnings for its fiscal third quarter ended Oct. 31.


Net income in the quarter increased 62.9 percent to $8 million from $4.9 million in the comparable quarter a year ago.


Net sales in the quarter rose 18.6 percent to $110.1 million from $92.9 million. This reflects an increase in comparable-store sales of 10.4 percent, including 15.1 percent for Anthropologie and 7.7 percent for Urban. It also reflects a 33.9 percent rise in direct-to-consumer sales resulting from an increase in circulation of the Anthropologie catalog in the quarter and the continued strength in urbn.com sales.


Net sales for the three months ended Oct. 31 in the direct-to-consumer segment totaled $8.58 million, compared with $6.41 million for that period a year ago. Results in the DTC segment for the nine months ended Oct. 31 reached $22.37 million, up from $16.89 million in the comparable period last year.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Metal Mulisha Races Towards Customization

Metal Mulisha Races Towards Customization

The motocross apparel company boosts mobile and Web conversions through product recommendations and personalized search.

Nielsen Allies With Pointlogic on Cross-Channel Planning

Nielsen Allies With Pointlogic on Cross-Channel Planning

Aim is to develop a "next generation" media planning tool.

If Only Engendering Loyalty Was as Easy as Clicking Your Heels

If Only Engendering Loyalty Was as Easy as ...

Rack Room Shoes combines data, research, and mobile email to deliver a high-heeled digital loyalty program.