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Urban Outfitters Q3 net income $45 million

Staff Writer |
Urban Outfitters announced net income of $45 million and $107 million for the three and nine months ended October 31, 2017, respectively.

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Earnings per diluted share were $0.41 and $0.94 for the three and nine months ended October 31, 2017, respectively.

Total Company net sales for the third quarter of fiscal 2018 increased 3.5% over the same quarter last year to a record $893 million.

Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, increased 1%.

Excluding the estimated impact of the North American hurricanes in the quarter, comparable Retail segment net sales increased 2%, and by brand, comparable Retail segment net sales increased 5% at Free People, 2% at the Anthropologie Group and 1% at Urban Outfitters.

Comparable Retail segment sales were driven by strong, double-digit growth in the direct-to-consumer channel, partially offset by negative retail store sales. Wholesale segment net sales increased 8.7%.


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