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Urban Outfitters 3Q Profit Climbs 17% On Stronger Sales

DOW JONES NEWSWIRES Urban Outfitters Inc.'s (URBN) fiscal third-quarter earnings rose 17%, beating analysts' estimates, as the company's sales increased. Chairman and Chief Executive Glen T. Senk called the sales and earnings results records. Shares rose 2.6% after hours to $33.55. The company, which operates its namesake stores as well as Anthropologie and Free People shops, has steadily increased its sales even through the downturn by latching onto popular trends. In August, Senk said the company was seeing exceptional performance from "every brand, channel, region and shared service group." For the quarter ended Oct. 31, Urban Outfitters reported a profit of $73.1 million, or 43 cents a share, up from $62.4 million, or 36 cents, a year earlier. Revenue jumped 13% to $573.6 million as same-store sales increased 1%. Analysts polled by Thomson Reuters had most recently forecast earnings of 42 cents on $582 million in revenue. Gross margin fell to 41.1% from 41.5%. The company's Free People stores had same-store sales growth of 29%, while Anthropologie rose 5% and the namesake stores climbed 5%. Direct-to-consumer sales jumped 31%. --By Nathan Becker, Dow Jones Newswires; 212-416-2855;;

Stock News for Urban Outfitters (URBN)
03/27/201717:10:13Statement of Ownership (sc 13g)
03/16/201717:16:57Annual Statement of Changes in Beneficial Ownership (5)
03/16/201717:14:16Annual Statement of Changes in Beneficial Ownership (5)
03/10/201718:13:00S&P Dow Jones Indices Announces Changes to U.S. Indices and Updates...
03/08/201710:07:55Current Report Filing (8-k)
03/07/201716:05:00Urban Outfitters Reports Record Sales
03/02/201717:49:14Statement of Changes in Beneficial Ownership (4)
03/02/201717:48:47Statement of Changes in Beneficial Ownership (4)
03/02/201717:48:22Statement of Changes in Beneficial Ownership (4)
03/02/201717:47:29Statement of Changes in Beneficial Ownership (4)
03/02/201717:47:02Statement of Changes in Beneficial Ownership (4)
03/02/201717:45:41Statement of Changes in Beneficial Ownership (4)
02/27/201718:15:32Statement of Changes in Beneficial Ownership (4)
02/14/201717:05:14Amended Statement of Ownership (sc 13g/a)
02/14/201717:01:40Amended Statement of Ownership (sc 13g/a)
02/14/201716:58:08Amended Statement of Ownership (sc 13g/a)
02/14/201712:18:30Amended Statement of Ownership (sc 13g/a)
02/10/201715:38:22Amended Statement of Ownership (sc 13g/a)
02/08/201710:40:25Current Report Filing (8-k)
02/07/201716:05:31Urban Outfitters Reports Record Q4 Sales

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