Urban Outfitters sales for the second quarter climbed to a record $189.5 million, a 54% increase over the same period last year. This sharp year-over-year increase in quarterly sales was driven by a 26% jump in total Company comparable store sales (over an 11% 'comp' store sales increase in the corresponding period last year), new and noncomparable store sales of $27.7 million, a 100% spike in direct-to-consumer sales; and a 28% surge in wholesale sales.
Detailed by brand, comparable sales at our Anthropologie, Free
People and Urban Outfitters stores rose by 25%, 41% and 27%,
respectively.
“All of our brands continued to perform at extraordinary levels
during the second quarter,” says Richard A. Hayne, Chairman and
President, adding that “sales were very substantially above our plan
throughout the quarter. More importantly, to date, customer reaction
to our fall fashion assortments has been very strong across all
Brands, product categories and geographic sectors.”
Total Company sales for the six months ended July 31, 2004,
increased to a record $359.8 million, a 56% increase over the first
six months of last year. Total Company comparable store sales jumped
29% for the six months, with Anthropologie comparable store sales up
by 28%, Free People comparable store sales up by 47% and Urban
Outfitters comparable store sales up by 31%.
Net sales for the three and six months were as follows:
Three months ended Six months ended
July 31, July 31,
2004 2003 2004 2003
---------- ---------- ---------- ----------
in thousands in thousands
Urban Outfitters store
sales $ 90,841 $ 60,750 $ 169,409 $ 112,859
Anthropologie store sales 73,766 47,874 140,339 88,828
Direct-to-consumer sales 18,373 9,204 36,973 18,731
Free People sales 6,504 5,051 13,054 9,489
---------- ---------- ---------- ----------
Total net sales $ 189,484 $ 122,879 $ 359,775 $ 229,907
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