Urban Outfitters, Inc., which operates retail stores under the Anthropologie, Urban Outfitters and Free People brands, said that quarter-to-date comparable store sales continue to significantly exceed the sales plan set at the beginning of the year. 'Comps' for the First Quarter that ends April 30, 2004 will very likely exceed the 21% comparable store sales gain the Company achieved in the Fourth Quarter of FY2004.
The Company's Direct-to-Consumer and Wholesale businesses also continue to produce excellent year-over-year sales results. With strong sales gains and the continuing margin strength produced by all of our Brands, the Company now expects that its earnings per share for the First Quarter will more than double the earnings per share in the prior year's First Quarter.
