Urban Outfitters, Inc. announced total company sales for the third quarter jumped 29%, as compared to the same period last year, to a record $142.3 million. The
increase was driven by a 23% increase in the number of stores in operation and a 17% increase in total Company comparable store sales. Direct-to-consumer sales also contributed, jumping 48% in the quarter.
During the quarter, comparable store sales at Urban Outfitters Retail increased by 15% and Anthropologie Retail increased by 19%, as compared to increases of 8% and 15%, respectively, for the same period
in the prior year.
“Customer demand for our products, especially apparel, was strong
at both retail brands throughout the quarter,” said Richard A. Hayne,
Chairman and President. “Both retail brands produced their best 'comp'
store sales during the quarter in October even though comparisons were
the toughest. This positive momentum bodes well for the current
quarter and we continue to be optimistic concerning the Company's near
and long-term prospects.”
Total Company sales for the nine months ended October 31, 2003
grew to a record $ 372.2 million, a 22% increase over last year's
comparable period. Total Company comparable store sales increased by
10%, with Urban Outfitters Retail and Anthropologie Retail 'comp'
store sales up 10% and 9% respectively.
Net sales for the periods were as follows:
Three months ended Nine months ended
October 31, October 31,
2003 2002 2003 2002
--------- --------- --------- ---------
in thousands in thousands
Urban Outfitters store sales $71,290 $57,660 $184,149 $154,590
Anthropologie store sales 52,865 37,547 141,693 112,577
Direct-to-consumer sales 12,690 8,583 31,421 22,374
Free People sales 5,486 6,316 14,975 15,640
--------- --------- --------- ---------
Total net sales $142,331 $110,106 $372,238 $305,181
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