Urban Outfitters, Inc., a retailer that operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands, has announced net income of $127 million for Q2. For the six months ended July 31, 2021, net income was $181 million and earnings per diluted share were $1.82.
Total Company net sales for the three months ended July 31, 2021, were a record $1.16 billion. Net sales increased 20.3% compared to the three months ended July 31, 2019. By brand, comparable retail segment net sales increased 53% at the Free People Group, 20% at Urban Outfitters and 14% at the Anthropologie Group. Total Retail segment net sales increased 24%.
“We’re pleased to report record second quarter sales and earnings driven by extraordinary performance at all three brands. Congratulations to all Brand, Creative and Shared teams for the exceptional execution that led to a 110% increase in earnings per share over fiscal 2020,” said Richard A. Hayne, Chief Executive Officer.
Source: URBN Press Release
Photo Credit: Fashion United
