Exhibit 99.1

URBAN OUTFITTERS, INC.

Fourth Quarter and Annual Results

Philadelphia, PA – March 11, 2013

 

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

Urban Outfitters Reports a 104% Jump in Q4 Operating Profit

PHILADELPHIA, PA, March 11, 2013 - 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 $83 million and $237 million for the fourth quarter and year ended January 31, 2013, respectively. Earnings per diluted share were $0.56 for the quarter and $1.62 for the year.

Total Company net sales for the fourth quarter of fiscal 2013 increased to a record $857 million or 17% over the same quarter last year. Comparable retail segment net sales, which include our comparable direct-to-consumer channel, increased 11% while comparable store net sales were flat. Direct-to-consumer returns at stores are charged against store sales. Excluding these returns, comparable store net sales would have been low single-digit positive. Comparable retail segment net sales increased 37% at Free People, 11% at Urban Outfitters and 7% at Anthropologie. Direct-to-consumer net sales surged by 44% for the quarter and wholesale segment net sales rose 22%.

For the year ended January 31, 2013, total Company net sales increased to a record $2.8 billion or 13% over the prior year. Comparable retail segment net sales increased 7% while comparable store net sales decreased by 1%. Excluding the direct-to-consumer returns at stores, comparable store net sales would have been low single-digit positive. Direct-to-consumer net sales increased by 31% for the year and wholesale segment net sales increased 12%.

“I congratulate each of our brand and shared service teams for delivering an excellent fourth quarter,” said Chief Executive Officer, Richard A. Hayne. “We entered the year with a plan to invest in initiatives to drive top line growth and improve margins. We succeeded on both fronts especially in the fourth quarter. We will pursue a similar strategy in the current fiscal year as we believe we have only begun to unlock the opportunities ahead of us,” finished Mr. Hayne.

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

 

     Three Months Ended      Twelve Months Ended  
     January 31,      January 31,  
     2013      2012      2013      2012  

Net sales by brand

           

Urban Outfitters

   $ 415,483       $ 356,769       $ 1,324,381       $ 1,155,293   

Anthropologie

     334,792         299,198         1,118,609         1,044,525   

Free People

     97,736         69,864         320,683         250,412   

Other

     8,821         4,817         31,252         23,571   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Company

   $ 856,832       $ 730,648       $ 2,794,925       $ 2,473,801   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net sales by channel

           

Retail Stores

   $ 577,558       $ 532,043       $ 1,982,944       $ 1,835,831   

Direct-to-consumer

     240,541         166,935         663,340         504,963   
  

 

 

    

 

 

    

 

 

    

 

 

 

Retail Segment

     818,099         698,978         2,646,284         2,340,794   
  

 

 

    

 

 

    

 

 

    

 

 

 

Wholesale Segment

     38,733         31,670         148,641         133,007   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Company

   $ 856,832       $ 730,648       $ 2,794,925       $ 2,473,801   
  

 

 

    

 

 

    

 

 

    

 

 

 


The following information was filed by Urban Outfitters Inc (URBN) on Tuesday, March 12, 2013 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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