Urban Outfitters, Inc. announced total Company sales for the second quarter climbed to a record $122.9 million, a 22% increase over the same period last year. This increase was fueled by:
- A total Company comparable store sales increase of 11% (on top of an 11% 'comp' store sales increase in the corresponding period last year)
- An Urban Outfitters Retail comparable store sales increase of 10%
- An Anthropologie Retail comparable store sales increase of 12%
- A direct-to-consumer sales increase of 37%, and
- New and noncomparable store sales increase of $9.8 million
“We've been very gratified by the customer response to our apparel offerings this quarter at both of our retail brands,” said Mr. Hayne. “The 'comp' store sales momentum built each month during the period, helped by the arrival in June of more seasonal weather on the East Coast. More importantly, the initial reaction to our Summer-into-Fall transition apparel in all three Brands has been excellent.”
Total Company sales for the six months ended July 31, 2003 increased to a record $229.9 million, an 18% increase over last year's comparable period. Total Company comparable store sales increased 6% for the six months, with Urban Outfitters Retail comparable store sales up 8% and Anthropologie Retail comparable store sales up 4%.
Net sales for the three and six months were as follows:
Three months ended Six months ended
July 31, July 31,
2003 2002 2003 2002
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in thousands in thousands
Urban Outfitters store sales $60,750 $51,142 $112,859 $96,930
Anthropologie store sales 47,874 38,415 88,828 75,030
Direct-to-consumer sales 9,204 6,709 18,731 13,791
Free People sales 5,051 4,735 9,489 9,324
-------- -------- -------- --------
Total net sales $122,879 $101,001 $229,907 $195,075
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