Urban Outfitters Third Quarter Comps Dip 2%

Urban Outfitters reported that total company net sales increased by 6% to $506 million for the fiscal third quarter versus the same quarter last year. Comparable retail segment net sales, which include direct-to-consumer channels, increased 2%. Comparable store net sales at Anthropologie rose 3% while Free People and Urban Outfitters declined 13% and 5%, respectively. Total company comparable store net sales declined 2%. Direct-to-consumer net sales jumped 21% and wholesale segment net sales declined 10%.

“We were pleased to see continued sales momentum during the third quarter,” said Glen T. Senk, Chief Executive Officer. “Our comparable sales steadily improved each month during the period despite substantial prior year comparisons. Considering the improved trend and weaker comparisons in last year's fourth quarter, we believe we are well positioned entering into the Holiday Season,” finished Mr. Senk.

Net sales for the three and nine months were as follows:

                          Three months ended    Nine months ended

                              October 31,           October 31,

                          ——————    ——————

                            2009      2008        2009       2008

                            —-      —-        —-       —-

                            (in thousands)        (in thousands)

 Urban Outfitters stores  $202,322  $208,325    $532,275    $557,927

 Anthropologie stores      181,620   158,852     493,109     470,063

 Free People stores         10,486     9,701      27,014      23,319

 Terrain                     1,207     1,266       4,822       4,491

                          ——–  ——–  ———-  ———-

  Net store sales          395,635   378,144   1,057,220   1,055,800

                          ——–  ——–  ———-  ———-

 Direct-to-consumer         79,772    65,916     211,508     184,662

                          ——–  ——–  ———-  ———-

  Retail segment net

   sales                   475,407   444,060   1,268,728   1,240,462

                          ——–  ——–  ———-  ———-

 Wholesale segment net

  sales                     30,493    33,893      80,594      86,078

                          ——–  ——–  ———-  ———-

  Total net sales         $505,900  $477,953  $1,349,322  $1,326,540

                          ========  ========  ==========  ==========

During the nine months ended October 31, 2009, the company has opened a total of 25 new stores including: 9 new Urban Outfitters stores, 12 new Anthropologie stores including our first Anthropologie store in Europe, and 4 new Free People stores. The company expects to open 32 to 34 new stores during the full fiscal year. The company will release earnings results for the three and nine months ended October 31, 2009 on November 12, 2009.