Urban Outfitters Net Income Doubles

Philadelphia–Retailer Urban Outfitters (Nasdaq: URBN) which mails the Anthropologie catalog, posted double the net income compared with last year, thanks in part to the Anthropologie book. For the quarter ended July 31, net income increased 98%, to $6.3 million, compared with $3.2 million last year. Net sales for the quarter increased 26%, to $101.0 million, from $80.4 million last year. Direct-to-customer sales, which includes catalogs and the Web, shot up 38%, to $6.7 million compared with $4.2 million in sales last year. Further good news: Selling, general and administrative expenses at Urban Outfitters decreased due to improved efficiencies in the direct operations.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.