URBN Reports Record Q4 Sales and FY'25 Profits

About this update from Urban Outfitters, Inc.

[{"type":"text","content":"PHILADELPHIA, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced net income of $120.3 million and earnings per diluted share of $1.28 for the three months ended January 31, 2025. For the year ended January 31, 2025, net income was a record $402.5 million and earnings per diluted share were $4.26. For the three months ended January 31, 2025 and 2024, adjusted net income was $98.1 million and $65.8 million, respectively, and adjusted earnings per diluted share were $1.04 and $0.69, respectively. For the years ended January 31, 2025 and 2024, adjusted net income was $383.9 million and $304.6 million, respectively, and adjusted earnings per diluted share were $4.06 and $3.23, respectively. Adjusted net income and earnings per diluted share for the three months ended January 31, 2025, excludes a release of income tax reserves. Adjusted net income and earnings per diluted share for the year ended January 31, 2025, excludes store impairment and lease abandonment charges and a release of income tax reserves. Adjusted net income and earnings per diluted share for the three months and year ended January 31, 2024, excludes store impairment and lease abandonment charges, an asset impairment charge and a change in revenue recognition method for Nuuly. See \"Reconciliation of Non-GAAP Financial Measures\" included at the end of this release. Total Company net sales for the three months ended January 31, 2025, increased 10.1% to a record $1.64 billion. Total Company net sales for the three months ended January 31, 2025, increased 9.4% compared to total Company adjusted net sales for the three months ended January 31, 2024. Total Retail segment net sales increased 6.3%, with comparable Retail segment net sales increasing 5.1%. The increase in Retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. Comparable Retail segment net sales increased 8.3% at Anthropologie and 8.0% at Free People and decreased 3.5% at Urban Outfitters. Subscription segment net sales increased by 78.4%. Subscription segment net sales ...

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