Exhibit 99.1

URBAN OUTFITTERS, INC.

Fourth Quarter and Annual Results

Philadelphia, PA – March 12, 2012

 

For Immediate Release    Contact:    Oona McCullough
      Director of Investor Relations
      (215) 454-4806

Urban Outfitters Reports 4th Quarter Operating Results

PHILADELPHIA, PA March 12, 2012 – Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands today announced net income of $39.3 million and $185.3 million for the fourth quarter and the year ended January 31, 2012, respectively. Earnings per diluted share were $0.27 for the quarter and $1.19 for the year.

For the fourth quarter of fiscal 2012, total company net sales increased 9% over the same quarter last year to $731 million. Comparable retail segment net sales, which include the Direct-to-Consumer channels, increased 2% for the quarter, while comparable store net sales decreased 1% for the quarter. Comparable retail segment net sales at Urban Outfitters, Free People and Anthropologie increased 3%, 9% and 1%, respectively. Direct-to-Consumer comparable net sales increased 14% and wholesale segment net sales rose 3% for the quarter.

For the year ended January 31, 2012, total Company net sales increased to $2.5 billion, or 9%, over the prior year. Comparable retail segment net sales were flat while comparable store net sales decreased 4%. Direct-to-Consumer comparable net sales rose 14% for the year and wholesale segment net sales increased 11%.

“I am pleased that we managed our inventories to appropriate levels at year end even though our margins during the quarter suffered as a result,” said Chief Executive Officer, Richard Hayne. “Our rate of full-priced selling has improved from fourth quarter levels as we seek to re-establish our historic full-price selling penetration.”

Net sales by brand and channel for the three and twelve months were as follows:

 

     Three Months Ended      Twelve Months Ended  
     January 31      January 31  
     2012      2011      2012      2011  

Net sales by brand

           

Urban Outfitters

   $ 356,769       $ 321,772       $ 1,155,293       $ 1,041,502   

Anthropologie

     299,198         283,418         1,044,525         1,011,999   

Free People

     69,864         58,941         250,412         202,493   

Other

     4,817         4,259         23,571         18,108   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Company

   $ 730,648       $ 668,390       $ 2,473,801       $ 2,274,102   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net sales by channel

           

Retail Stores

   $ 532,043       $ 492,381       $ 1,835,831       $ 1,720,002   

Direct-to-Consumer

     166,935         145,282         504,963         433,790   
  

 

 

    

 

 

    

 

 

    

 

 

 

Retail Segment

     698,978         637,663         2,340,794         2,153,792   
  

 

 

    

 

 

    

 

 

    

 

 

 

Wholesale Segment

     31,670         30,727         133,007         120,310   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Company

   $ 730,648       $ 668,390       $ 2,473,801       $ 2,274,102   
  

 

 

    

 

 

    

 

 

    

 

 

 


The following information was filed by Urban Outfitters Inc (URBN) on Tuesday, March 13, 2012 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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