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Urban Outfitters Sets Record

PHILADELPHIA-Urban Outfitters marks the 13th consecutive quarter of upside growth.

By Beverly Ford | Updated on May 13, 2005

PHILADELPHIA-Clothing retailer Urban Outfitters Inc., marked its 13th consecutive quarter of record sales and profits with a 36% increase in net sales and a 63% rise in net income during the first quarter of 2005 compared to the same period a year earlier.

The Philadelphia-based clothier, which operates under the Urban Outfitters, Anthropologie and Free People brands, saw its profits grow to $27.4 million, or 32 cents per share, and its revenue rise to $231.3 million during the three months ending April 30, 2005. During the first quarter of 2004, earnings were $16.9 million.

“Both sales and profits set new quarter records,” said Richard Hayne, the firm’s president, in announcing the firm’s financials at a conference call to investors Thursday.

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