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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)
05/26/201617:39:17Statement of Changes in Beneficial Ownership (4)
05/26/201617:37:27Statement of Changes in Beneficial Ownership (4)
05/26/201617:36:30Statement of Changes in Beneficial Ownership (4)
05/26/201617:34:21Statement of Changes in Beneficial Ownership (4)
05/26/201617:32:36Statement of Changes in Beneficial Ownership (4)
05/26/201617:30:25Statement of Changes in Beneficial Ownership (4)
05/26/201617:29:29Statement of Changes in Beneficial Ownership (4)
05/20/201615:41:55Current Report Filing (8-k)
05/18/201618:40:00Urban Outfitters Reports Higher Sales, Driving Profit and Margins
05/18/201618:36:25Statement of Changes in Beneficial Ownership (4)
05/18/201616:05:33Urban Outfitters Reports Record Q1 Sales
05/10/201611:21:41Amended Statement of Ownership (sc 13g/a)
05/10/201606:08:05Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/12/201610:10:00Abercrombie Names J. Crew Veteran as New Marketing Director
04/06/201617:35:34Statement of Changes in Beneficial Ownership (4)
03/31/201616:29:05Additional Proxy Soliciting Materials (definitive) (defa14a)
03/31/201616:22:14Proxy Statement (definitive) (def 14a)
03/31/201616:19:49Annual Report (10-k)
03/22/201609:00:00Urban Outfitters, Inc. Chooses Celect to Optimize In-Store Assortments
03/18/201617:12:45Statement of Changes in Beneficial Ownership (4)

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