February 9, 2016
PHILADELPHIA, PA, February 9, 2016 - Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced net sales for the quarter and year ended January 31, 2016.
Total Company 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 Company 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%.
"Our January sales results mirrored the holiday period with direct-to-consumer results continuing to outpace store performance on a 'comp' basis," said Richard A. Hayne, Chief Executive Officer. "The brands managed their inventories well which should allow for a smooth transition to the spring season," finished Mr. Hayne.
Read the full news release here.