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URBN Reports Record Sales & Profits in Q3, Retail Net Sales Increased 16%

Wednesday, Nov 24, 2021

Urban Outfitters, Inc., a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly Rent, Nuuly Thrift and Menus & Venues, has announced record net sales and profits in their third quarter of 2021

Company net sales were a record $1.13 billion, increasing 14.6% compared to 2019 numbers. Comparable Retail segment net sales increased 14%. By brand, comparable Retail segment net sales increased 55% at the Free People Group, 9% at the Anthropologie Group and 7% at Urban Outfitters. Total Retail segment net sales increased 16%.

“I’m pleased to announce our teams produced record Q3 sales and earnings,” said Richard A. Hayne, Chief Executive Officer. “We are excited that November ‘comp’ sales to date for all brands have accelerated from their Q3 rate.”

Source: URBN Press Release

Photo Credit: URBN

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Article Topics: Financial Results | Retail | URBN

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