Urban Outfitters, Inc., a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands and the Food and Beverage division, announced net sales for the three months and year ended January 31, 2019.
Total company net sales for the three months ended January 31 increased 3.7% over the same period last year to a record $1.13 billion, Comparable Retail segment net sales increased 3% driven by double-digit growth in the digital channel, partially offset by negative retail store sales. By brand, comparable Retail segment net sales increased 4% at Free People, 4% at Urban Outfitters and 2% at the Anthropologies Group. Wholesale segment net sales increased 3%.
For the year end, total company net sales increased to $4.0 billion or 9.3% over the prior year. Comparable Retail segment net sales increased 8%, driven by double-digit growth in the digital channel and positive retail store sales. Wholesale segment net sales increased 10%.
“I’m pleased to report record fourth quarter revenues and the sixth consecutive quarter all brands delivered positive Retail segment ‘comps’,” said Richard Hayne, Chief Executive Officer. “Positive ‘comps’ were driven by double-digit growth in digital channel revenues.”
The company will released fourth quarter and fiscal year 2019 earning on March 5, 2019.
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