Urban Outfitters Inc. said Thursday that net income rose 38.6 percent to $47 million in the first quarter ended April 30, compared with $33.96 million in the year-ago quarter. Earnings per diluted share rose 39 percent to 32 cents from 23 cents a year earlier.
Total net sales for the company, which operates the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters chains, were $648 million, a 14 percent increase from $568.9 million for the same 2013 quarter. Comparable retail net sales, which include direct-to-consumer channel sales, increased 9 percent. Comparable retail segment net sales jumped 44 percent at Free People, 8 percent at Anthropologie and 6 percent at Urban Outfitters. Wholesale net sales rose 16 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"