Exhibit 99.1

URBAN OUTFITTERS, INC.

Fourth Quarter and Annual Results

Philadelphia, PA – March 5, 2009

 

For Immediate Release    Contact:   John Kyees
     Chief Financial Officer
     (215) 454-5500

Urban Outfitters Reports Q4 Earnings

PHILADELPHIA, March 5, 2009 (GLOBENEWSWIRE) - Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Free People, Terrain and Urban Outfitters brands, today announced earnings of $41 million and $199 million for the fourth quarter and year ended January 31, 2009, respectively. Earnings per diluted share were $0.24 for the quarter and $1.17 for the year.

As stated in the Company’s previous sales release on February 5, 2009, total sales for the fourth quarter reached a record $508 million, an increase of 9% over the comparable quarter last year. Comparable retail segment sales, which include our Direct-to-consumer channels, increased 3% for the quarter. Comparable store sales rose 3% at Urban Outfitters and decreased 6% and 13% at Anthropologie and Free People respectively, for a combined total company comparable store sales decrease of 1%. Direct-to-consumer sales surged 20%, reflecting strong growth across all brands. Free People wholesale sales decreased 3% for the quarter. Total Company net sales for the year ended January 31, 2009 increased 22%, to a record $1.8 billion.

“We are pleased to announce healthy fourth quarter earnings despite an uncertain and challenging environment,” said Glen T. Senk, Chief Executive Officer. “We are particularly proud of our team’s ability to execute two critical tasks during the quarter: reducing ‘comp’ inventory levels by 13% versus the prior year, and implementing measurable cost control initiatives resulting in SG&A expense improvements of 73 basis points versus the prior year. It was another record breaking year for the URBN team, and we enter the spring selling season enthusiastically committed to providing a compelling product assortment and customer experience,” finished Mr. Senk.

Net sales for the periods were as follows:

 

     Three months ended
January 31,
   Twelve months ended
January 31,
     2009    2008    2009    2008
     (in thousands)    (in thousands)

Urban Outfitters stores

   $ 213,435    $ 196,625    $ 771,362    $ 628,328

Anthropologie stores

     172,098      165,853      642,161      561,990

Free People stores

     9,588      6,302      32,907      17,192

Terrain

     1,165      —        5,656      —  
                           

Net store sales

     396,286      368,780      1,452,086      1,207,510
                           

Direct-to-consumer

     87,810      72,920      272,472      205,742
                           

Retail segment net sales

     484,096      441,700      1,724,558      1,413,252
                           

Wholesale

     23,982      23,711      110,060      94,472
                           

Total net sales

   $ 508,078    $ 465,411    $ 1,834,618    $ 1,507,724
                           


The following information was filed by Urban Outfitters Inc (URBN) on Tuesday, March 10, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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