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Urban Outfitters Reports Q2 Sales Increase
For the second quarter of fiscal 2010, total Company net sales increased by 1% over the same quarter last year to
"We were pleased that our total company comparable sales improved from the first quarter," said
Net sales for the three and six months were as follows:
Three months ended Six months ended July 31, July 31, ------------------ ------------------ 2009 2008 2009 2008 -------- -------- -------- -------- (in thousands) (in thousands) Urban Outfitters stores $177,122 $189,812 $329,954 $349,602 Anthropologie stores 173,146 165,615 311,489 311,211 Free People stores 9,216 7,759 16,529 13,618 Terrain 2,312 2,608 3,615 3,225 -------- -------- -------- -------- Net store sales 361,796 365,794 661,587 677,656 -------- -------- -------- -------- Direct-to-consumer 70,926 60,498 131,736 118,746 -------- -------- -------- -------- Retail segment net sales 432,722 426,292 793,323 796,402 -------- -------- -------- -------- Wholesale Segment net sales 25,906 28,003 50,101 52,185 -------- -------- -------- -------- Total net sales $458,628 $454,295 $843,424 $848,587 ======== ======== ======== ========
During the six months ended
This news release is being made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Certain matters contained in this filing may constitute forward-looking statements. Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, overall economic and market conditions and the resultant impact on consumer spending patterns, including any effects of terrorist acts or war, availability of suitable retail space for expansion, timing of store openings, seasonal fluctuations in gross sales, the departure of one or more key senior managers, import risks, including potential disruptions and changes in duties, tariffs and quotas and other risks identified in filings with the