Urban Outfitters Reports Q4 Sales
February 09 2016 - 4:05PM
PHILADELPHIA, PA, February 9, 2016 - Urban Outfitters, Inc.
(NASDAQ:URBN), a leading lifestyle specialty retail company
operating under the Anthropologie, Bhldn, Free People, Terrain and
Urban Outfitters brands, today announced net sales for the quarter
and year ended January 31, 2016.
Total Company net sales for the fourth quarter of
fiscal 2016 were flat at $1.01 billion compared to the same quarter
last year. Comparable Retail segment net sales, which include our
comparable direct-to-consumer channel, decreased 2%. Comparable
Retail segment net sales increased 2% at Free People and decreased
2% at the Anthropologie Group and 3% at Urban Outfitters. Wholesale
segment net sales increased 29% partially due to delayed shipments
from the third quarter carrying over into the fourth quarter.
For the year ended January 31, 2016, total Company
net sales increased to $3.4 billion or 4% over the prior year.
Comparable Retail segment net sales increased 2%. Wholesale segment
net sales increased 15%.
"Our January sales results mirrored the holiday
period with direct-to-consumer results continuing to outpace store
performance on a 'comp' basis," said Richard A. Hayne, Chief
Executive Officer. "The brands managed their inventories well
which should allow for a smooth transition to the spring season,"
finished Mr. Hayne.
Net sales by brand and segment for the three and
twelve month periods were as follows:
|
Three Months
Ended |
|
Twelve Months
Ended |
|
January 31, |
|
January 31, |
Net
sales by brand |
2016 |
|
2015 |
|
2016 |
|
2015 |
Urban Outfitters |
$
415,830 |
|
$ 438,369 |
|
$ 1,393,328 |
|
$
1,385,070 |
Anthropologie Group
1 |
419,094 |
|
420,045 |
|
1,442,254 |
|
1,407,216 |
Free People |
178,482 |
|
152,630 |
|
609,552 |
|
530,791 |
Total Company |
$ 1,013,406 |
|
$ 1,011,044 |
|
$ 3,445,134 |
|
$ 3,323,077 |
|
|
|
|
|
|
|
|
Net
sales by segment |
|
|
|
|
|
|
|
Retail Segment |
$
938,681 |
|
$ 953,277 |
|
$ 3,184,955 |
|
$
3,097,274 |
Wholesale Segment |
74,725 |
|
57,767 |
|
260,179 |
|
225,803 |
Total Company |
$ 1,013,406 |
|
$ 1,011,044 |
|
$ 3,445,134 |
|
$ 3,323,077 |
|
|
|
|
|
|
|
|
1Anthropologie
Group consists of the Anthropologie, Bhldn and Terrain brands |
|
During the year ended January 31, 2016, the Company opened a total
of 31 new stores including: 14 Anthropologie Group stores, 13 Free
People stores, and 4 Urban Outfitters stores, and closed 2 Urban
Outfitters stores, 2 Anthropologie Group stores and 1 Free People
store.
Urban Outfitters, Inc. is an innovative specialty retail company
which offers a variety of lifestyle merchandise to highly defined
customer niches through 240 Urban Outfitters stores in the United
States, Canada, and Europe, catalogs and websites; 218
Anthropologie Group stores in the United States, Canada and Europe,
catalogs and websites; 114 Free People stores in the United States
and Canada, catalogs and websites; and Free People wholesale, which
sells its product to approximately 1,800 specialty stores and
select department stores worldwide, as of January 31, 2016.
The Company will release fourth
quarter and fiscal year 2016 earnings results on March 7,
2016.
This news release
is being made pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. Certain matters contained in this release may
constitute forward-looking statements. When used in this release,
the words "project," "believe," "plan," "will," "anticipate,"
"expect" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Any one, or all, of the
following factors could cause actual financial results to differ
materially from those financial results mentioned in the
forward-looking statements: the difficulty in predicting and
responding to shifts in fashion trends, changes in the level of
competitive pricing and promotional activity and other industry
factors, overall economic and market conditions and the resultant
impact on consumer spending patterns, lowered levels of consumer
confidence and higher levels of unemployment, continuation of
lowered levels of consumer spending resulting from a worldwide
political and economic crisis, any effects of terrorist acts or
war, natural disasters or severe weather conditions, availability
of suitable retail space for expansion, timing of store openings,
risks associated with international expansion, seasonal
fluctuations in gross sales, the departure of one or more key
senior executives, import risks, including potential disruptions
and changes in duties, tariffs and quotas, the closing of any of
our distribution centers, our ability to protect our intellectual
property rights, risks associated with internet sales, response to
new store concepts, failure of our manufacturers to comply with our
social compliance program, changes in accounting standards and
subjective assumptions, regulatory changes and legal matters and
other risks identified in the Company's filings with the Securities
and Exchange Commission. The Company disclaims any intent or
obligation to update forward-looking statements even if experience
or future changes make it clear that actual results may differ
materially from any projected results expressed or implied
therein.
###
Contact:
Oona McCullough
Director of Investor Relations
(215) 454-4806
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Urban Outfitters via Globenewswire
HUG#1984878
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