Urban Outfitters says 4th-quarter sales measurements improved, stock rises in late trade

MarketsAssociated Press

Shares of Urban Outfitters rose in after-market trading after the retailer company posted strong fourth-quarter sales.

Urban Outfitters said its net sales rose 12 percent to $1.01 billion during the three months that ended Jan. 31. Over the same period, sales at stores open at least a year grew 6 percent. Sales at stores open at least a year are considered an important measurement of retailer health because they exclude results from stores that opened or closed within the last year.

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FactSet says analysts were expecting growth of 4.1 percent, on average.

Urban Outfitters Inc. stock rose $2.50, or 6.9 percent, to $39.01 after hours.

The Philadelphia company said by division, quarterly net sales for its Urban Outfitters brand rose 10 percent to $438.4 million, while revenue from its Anthropologie brand grew 9 percent to $413 million and Free People sales jumped 24 percent to $152.6 million.

Urban Outfitters said its total sales rose 8 percent to $3.3 billion in fiscal 2015, and sales at locations open a year up 2 percent.

The company will release quarterly results on March 9.