By Sabela Ojea
Urban Outfitters logged higher sales in its fiscal fourth quarter after ending the holiday season with Anthropologie and Free People continuing to offset declines from its namesake brand.
The conglomerate of fashion brands on Wednesday posted a net profit for the three months ended Jan. 31 of $120.3 million, or $1.28 a share, compared with $47.8 million, or 50 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast earnings of 94 cents per share.
Sales rose 10% to $1.64 billion, beating the $1.63 billion expected by Wall Street.
Urban Outfitters ended the period with comparable retail sales rising 5.1%, up from an increase of 1.5% in the third quarter. Anthropologie logged a 8.3% rise in this metric, followed by a 8% increase at Free People. Meanwhile, the brand Urban Outfitters logged a 3.5% decline in comparable retail sales.
The company also said that its rental business, Nuuly, achieved its first full year of profitability. Overall, Urban Outfitters' subscription sales surged 56% in the fourth quarter after seeing a 54% increase in Nuuly's average active subscribers.
Shares fall 4% to $50.80 in post-market trading. Through Wednesday's close the shares are up 15% over the past 12 months.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 26, 2025 16:49 ET (21:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。