Urban Outfitters, Inc. saw total sales for the fourth quarter jump 29% over the comparable quarter last year to a record $465 million. Comparable store sales at Anthropologie, Free People and Urban Outfitters rose by 18%, 19% and 6%, respectively, for a combined 11% increase. Direct-to-consumer sales surged by 39%, reflecting strong growth across all brands. Free People Wholesale also delivered an excellent performance for the quarter with sales increasing by a robust 34%.
“We are very pleased with our fourth quarter performance,'' said Glen T. Senk, CEO. “Record sales across all brands and channels combined with strong 'comps' validate our operating strategies and fashion direction. Moreover, based on each brand's exceptional January sales results, we are confident that our spring fashion assortments resonate with our customers,” Mr. Senk added.
Sales for the year ended January 31, 2008 increased by 23%, to a record $1.5 billion. Total comparable store sales for the period increased by 5% versus a 6% decrease last year. Direct-to-consumer sales jumped by 34% and Free People Wholesale sales rose 27%.
Net sales for the periods were as follows:Three months Twelve months
ended ended
January 31, January 31,
2008 2007 2008 2007
——– ——– ——– ——–
(in thousands) (in thousands)
Urban Outfitters store
sales $196,625 $161,615 $628,328 $547,847
Anthropologie store
sales 165,853 125,424 561,990 439,185
Direct-to-consumer
sales 72,920 52,638 205,742 153,712
Free People sales 30,013 21,119 111,664 83,973
——– ——– ———- ———-
Total net sales $465,411 $360,796 $1,507,724 $1,224,717
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