“PHILADELPHIA (AP) — Urban Outfitters Inc.’s fiscal fourth-quarter net income more than doubled on stronger sales but still fell just short of market expectations. Its shares fell in after-hours trading Monday.
The Philadelphia company owns the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands.
Urban earned $82.5 million, or 56 cents per share, for the period that ended Jan. 31. That compares with $39.3 million, or 27 cents per share, in the same quarter a year ago. Its revenue increased to $856.8 million from $730.6 million on stronger revenue from its Free People, Urban Outfitters and Anthropologie brands.
Analysts polled by FactSet expected earnings of 57 cents per share on revenue of $850.5 million.
The company got a boost from a 44 percent increase in sales directly to consumers, which included online and catalog sales. Its total revenue from retail stores increased nearly 9 percent year-over-year…..”
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