Urban Outfitters Inc. reported an 11% increase in sales for the first quarter, reaching a record $1.33 billion. This growth was driven by a 6% rise in the Retail segment, a 60% surge in the Subscription segment, and a 24% increase in Wholesale segment sales. The company saw a significant boost in Subscription segment sales, primarily due to a 53% rise in average active subscribers. Wholesale segment sales benefited from increased Free People sales to specialty customers and department stores. Gross profit dollars rose by 20% to $489 million, with a gross profit rate improvement attributed to reduced markdowns, lower delivery expenses, and increased Retail segment net sales.
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