Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands and the Food and Beverage division, today announced net sales for the three months and year ended January 31, 2019.
Total Company net sales for the three months ended January 31, 2019 increased 3.7% over the same period last year to a record $1.13 billion. Comparable Retail segment net sales increased 3%, driven by double-digit growth in the digital channel, partially offset by negative retail store sales. By brand, comparable Retail segment net sales increased 4% at Free People, 4% at Urban Outfitters and 2% at the Anthropologie Group. Wholesale segment net sales increased 3%.
For the year ended January 31, 2019, total Company net sales increased to $4.0 billion or 9.3% over the prior year. Comparable Retail segment net sales increased 8%, driven by double-digit growth in the digital channel and positive retail store sales. Wholesale segment net sales increased 10%.
“I’m pleased to report record fourth quarter revenues and the sixth consecutive quarter all brands delivered positive Retail segment ‘comps’,” said Richard A. Hayne, Chief Executive Officer. “Positive ‘comps’ were driven by double-digit growth in digital channel revenues,” 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, | ||||||||||||||
| 2019 | 2018 | 2019 | 2018 | ||||||||||||
| Net sales by brand | |||||||||||||||
| Urban Outfitters | $ | 447,525 | $ | 433,924 | $ | 1,528,717 | $ | 1,396,420 | |||||||
| Anthropologie Group | 464,609 | 447,184 | 1,598,000 | 1,472,769 | |||||||||||
| Free People | 209,315 | 201,659 | 799,205 | 721,966 | |||||||||||
| Food and Beverage | 7,499 | 6,352 | 24,701 | 24,859 | |||||||||||
| Total Company | $ | 1,128,948 | $ | 1,089,119 | $ | 3,950,623 | $ | 3,616,014 | |||||||
| Net sales by segment | |||||||||||||||
| Retail Segment | $ | 1,047,710 | $ | 1,010,188 | $ | 3,604,170 | $ | 3,299,714 | |||||||
| Wholesale Segment | 81,238 | 78,931 | 346,453 | 316,300 | |||||||||||
| Total Company | $ | 1,128,948 | $ | 1,089,119 | $ | 3,950,623 | $ | 3,616,014 | |||||||
During the year ended January 31, 2019, the Company opened a total of 18 new retail locations including: 6 Free People stores, 5 Urban Outfitters stores, 4 Anthropologie Group stores and 3 Food and Beverage restaurants; and closed 11 retail locations including: 5 Urban Outfitters stores, 3 Anthropologie Group stores and 3 Free People stores. During the year ended January 31, 2019, 5 franchisee-owned stores were opened including: 4 Urban Outfitters stores and 1 Free People store.
Urban Outfitters, Inc., offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of 245 Urban Outfitters stores in the United States, Canada and Europe and websites; 227 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 135 Free People stores in the United States, Canada and Europe, catalogs and websites, 13 Food and Beverage restaurants, 4 Urban Outfitters franchisee-owned stores and 1 Free People franchisee-owned store, as of January 31, 2019. Free People, Anthropologie Group and Urban Outfitters wholesale sell their products through approximately 2,200 department and specialty stores worldwide, digital businesses and the Company’s Retail segment.
The company will release fourth quarter and fiscal year 2019 earnings results on March 5, 2019.
