Urban Outfitters reports $1 billion in Q4 salesStaff writer ▼ | March 8, 2016
Urban Outfitters announced net income of $73 million and $224 million for the fourth quarter and year ended January 31, 2016, respectively.
Urban Outfitters Earnings per diluted share were $0.61
Total Urban Outfitters net sales for the fourth quarter of fiscal 2016 were flat at $1.01 billion compared to the same quarter last year.
Comparable retail segment net sales, which include our comparable direct-to-consumer channel, decreased 2%.
Comparable retail segment net sales increased 2% at Free People and decreased 2% at the Anthropologie Group and 3% at Urban Outfitters.
Wholesale segment net sales increased 29% partially due to delayed shipments from the third quarter carrying over into the fourth quarter.
For the year ended January 31, 2016, total Urban Outfitters net sales increased to $3.4 billion or 4% over the prior year. Comparable retail segment net sales increased 2%. Wholesale segment net sales increased 15%. ■