Exhibit 99.1

URBAN OUTFITTERS, INC.

Fourth Quarter Results

Philadelphia, PA – March 7, 2016

 

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

Urban Outfitters Reports $1 Billion in Q4 Sales

PHILADELPHIA, PA, March 7, 2016 – 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 $73 million and $224 million for the three months and year ended January 31, 2016, respectively. Earnings per diluted share were $0.61 and $1.78 for the three months and year ended January 31, 2016, respectively.

Total Company net sales for the fourth quarter of fiscal 2016 were flat at $1.01 billion compared to the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, decreased 2%. Comparable Retail segment net sales increased 2% at Free People and decreased 2% at the Anthropologie Group and 3% at Urban Outfitters. Wholesale segment net sales increased 29% partially due to delayed shipments from the third quarter carrying over into the fourth quarter.

For the year ended January 31, 2016, total Company net sales increased to $3.4 billion or 4% over the prior year. Comparable Retail segment net sales increased 2%. Wholesale segment net sales increased 15%.

“While apparel sales underperformed during the fourth quarter, I am pleased with the merchandise margin improvement delivered by the brands,” said Richard A. Hayne, Chief Executive Officer. “Additionally, our expansion categories performed above our expectations and continue to give us confidence in our future growth opportunities,” finished Mr. Hayne.

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

 

     Three Months Ended      Twelve Months Ended  
     January 31,      January 31,  
Net sales by brand    2016      2015      2016      2015  

Urban Outfitters

   $ 415,830       $ 438,369       $ 1,393,328       $ 1,385,070   

Anthropologie Group 1

     419,094         420,045         1,442,254         1,407,216   

Free People

     178,482         152,630         609,552         530,791   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Company

   $ 1,013,406       $ 1,011,044       $ 3,445,134       $ 3,323,077   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net sales by segment

           

Retail Segment

   $ 938,681       $ 953,277       $ 3,184,955       $ 3,097,274   

Wholesale Segment

     74,725         57,767         260,179         225,803   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Company

   $ 1,013,406       $ 1,011,044       $ 3,445,134       $ 3,323,077   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

1  Anthropologie Group consists of the Anthropologie, Bhldn and Terrain brands


The following information was filed by Urban Outfitters Inc (URBN) on Tuesday, March 8, 2016 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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