Urban Outfitters, Inc., a leading lifestyle consumer products company operating under the Anthropologie, Free People and Urban Outfitters brands, reported that total Company sales for the third quarter, as compared to the same period last year, jumped 52% to a record $216.3 million.
This surge in revenues was fueled by a 37% expansion in the number of stores in operation, an 18% jump in total Company comparable store sales, an 85% spike in Direct-to-consumer sales, and a 58% gain in Wholesale sales.
During the quarter, comparable store sales at Anthropologie grew 22%, Free People jumped 49%, and Urban Outfitters rose 15%.
“We continued to experience exceptional 'comp' store and direct-to-consumer sales at all of our brands, despite very strong comparisons,” said Richard A. Hayne, Chairman and President. “During the quarter, our strongest 'comp' store performance came in the month of October, thus we remain very optimistic concerning our prospects for the upcoming Holiday season.”
Total Company sales for the nine months ended October 31, 2004 grew to a record $576.1 million, a 55% increase over last year's comparable period. Total Company comparable store sales increased by 25%, with Anthropologie, Free People and Urban Outfitters 'comp' store sales up 27%, 47% and 24%, respectively.
