Urban Outfitters Q4 results continue to be flat

By

Cassidy Mantor

Published
Feb 10, 2016

Urban Outfitters, Inc. announced its Q4 earnings were flat compared to last year, although its annual combined net sales increased 4% to $3.4 billion over the prior year.

Philadelphia-based Urban Outfitters Inc. includes Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands.

Q4 sales were boosted 29% by slow holiday shipments that didn’t ground ship until January.

"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.

Anthropologie Group (Bhldn, Terrain and Anthropologie brands) led sales, followed by Urban Outfitters, with Free People lagging behind in both Q4 and annual sales.

“During the year ended January 31, 2016, the Company opened a total of 31 new stores including: 14 Anthropologie Group stores, 13 Free People stores, and 4 Urban Outfitters stores, and closed 2 Urban Outfitters stores, 2 Anthropologie Group stores and 1 Free People store.”