Monday, February 11, 2019

Urban Outfitters Q4 same-store sales fall short

Chain Store Age
Urban Outfitters’ total company net sales for the quarter ended January 31, 2019, increased 3.7% $1.13 billion. Total same-store sales rose 3%, missing the 4.5% increase analysts had expected. Comp-sales were driven by double-digit growth in the digital channel, partially offset by negative retail store sales.

By brand, same-store sales rose 4% at Free People, 4% at Urban Outfitters and 2% at the Anthropologie Group. Wholesale segment net sales increased 3%.. . . more