Urban Outfitters quarterly earnings double

The Urban Outfitters retail store on Walnut Street. Shareholders voted against a push to put women or minorities on the board.
The Urban Outfitters retail store on Walnut Street. Shareholders voted against a push to put women or minorities on the board. (TOM GRALISH / Staff Photographer)
Posted: March 12, 2013

Urban Outfitters Inc., the Philadelphia retailer, said net income for the quarter ended Jan. 31 more than doubled from the same period a year earlier - to $82.5 million, or 56 cents per share.

Combined sales at the company's stores - Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters - was up 17 percent, to $856.8 million for the quarter, compared to $730.6 million in the prior-year quarter.

While sales at stores open at least a year were flat, the company said comparable sales including online operations increased 11 percent.

For the 12 months ended Jan. 31, the company opened 49 new stores, including 18 Urban Outfitters, 15 Free People stores, 14 Anthropologie stores, one BHLDN store and one Terrain garden center. It also closed two Anthropologie stores.

The results were released after markets closed. Urban shares had risen 19 cents, to close at $41.50.

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