May 10, 2004

Urban Outfitters Q1 Sales Up 59 Percent

Urban Outfitters Inc., Philadelphia, said total company sales for the first quarter climbed 59 percent from the same period last year to $170.3 million, setting a first-quarter record. The increase was driven by a 32 percent jump in total company comparable-store sales; a 24 percent increase in the number of stores, resulting in new and non-comparable store sales gains of $22.1 million; a 95 percent surge in direct-to-consumer sales; and a 47 percent rise in wholesale sales.

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