{"id":227784,"date":"2023-03-02T09:07:41","date_gmt":"2023-03-02T09:07:41","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=227784"},"modified":"2023-03-02T16:36:27","modified_gmt":"2023-03-02T16:36:27","slug":"urban-outfitters-sees-record-fourth-quarter-sales-of-26-3m","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/urban-outfitters-sees-record-fourth-quarter-sales-of-26-3m\/","title":{"rendered":"Urban Outfitters sees \"record fourth quarter sales\" of \u00a326.3m"},"content":{"rendered":"<p><strong>Urban Outfitters, Inc, the owners of Urban Outfitters, Anthropologie, and Free People, announced a net income of \u00a326.3 million ($31.5 million) for the Q4 ending 31 January 2023.<\/strong><!--more--><\/p>\n<p>During the three months ending 31 Jan 2023, total company net sales increased 3.9% to a record \u00a31.15 billion ($1.38 billion). The increase can be largely attributed to positive growth in retail store sales, despite slow growth in digital channel sales.<\/p>\n<p><strong>Urban Outfitters, Inc. shared the following brand net sales during Q4:<\/strong><\/p>\n<p>\u2022 <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/anthropologie\/\">Anthropologie<\/a><\/span> up to \u00a3504 million ($603 million), compared to \u00a3466 million ($558 million)<br \/>\n\u2022 <a href=\"https:\/\/www.theindustry.fashion\/the_directory\/urban-outfitters\/\"><span style=\"color: #ff0000;\">Urban Outfitters<\/span><\/a> down to \u00a3356 million ($426 million), compared to \u00a3396 million ($474 million)<br \/>\n\u2022 <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/free-people\/\">Free People<\/a><\/span> up to \u00a3255 million($306 million) compared to \u00a3231 million ($276 million)<br \/>\n\u2022 <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.nuuly.com\" target=\"_blank\" rel=\"noopener\">Nuuly <\/a><\/span>up to \u00a336 million ($43 million), compared to \u00a314 million ($17 million)<br \/>\n\u2022 <a href=\"https:\/\/www.urbnmenusandvenues.com\" target=\"_blank\" rel=\"noopener\">Menus &amp; Venues<\/a> up to \u00a36 million ($7 million) compared to \u00a35 million ($6 million)<\/p>\n<p>For the year ended 31 January 2023, total company net sales increased 5.4% year-on-year.<\/p>\n<p>Richard A. Hayne, Chief Executive Officer of Urban Outfitters Inc., commented: \"We are pleased to report record fourth-quarter sales driven by strength at the Anthropologie, Free People and Nuuly brands. We enter the spring selling season with an improved inventory position which bodes well for merchandise margin opportunity in fiscal 2024.\"<\/p>\n<p><strong>Urban Outfitters, Inc. shared the following brand net sales during the twelve-month period:<\/strong><\/p>\n<p>\u2022 Anthropologie up to \u00a31.6 billion ($1.9 billion), compared to \u00a31.5 billion ($1.8 billion)<br \/>\n\u2022 Urban Outfitters down to \u00a31.3 billion ($1.5 billion), compared to \u00a31.4 billion ($1.7 billion)<br \/>\n\u2022 Free People up to \u00a3919 million ($1.1 billion) compared to \u00a3836 million ($1 billion)<br \/>\n\u2022 Nuuly up to \u00a3108 million ($129 million), compared to \u00a339 million ($47 million)<br \/>\n\u2022 Menus &amp; Venues up to \u00a323 million ($28 million) compared to \u00a318 million ($21 million)<\/p>\n<p>Gross profit decreased 4.5% to \u00a31.19 billion ($1.43 billion) from \u00a31.25 billion ($1.49 billion) year-on-year.\u00a0Overall, the group\u2019s net sales reached \u00a34 billion ($4.8 billion), compared to \u00a33.3 billion ($4.5 billion) the year prior.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":227787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10488,9763,10585,6,10494],"tags":[12165,19249,12166,15032,20082,16712,9843,22151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Urban Outfitters sees &quot;record fourth quarter sales&quot; 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