Urban Outfitters Posts Healthy Holiday Sales Data - Analyst Blog

By
A A A
Share |

Apparel retailer Urban Outfitters Inc. ( URBN ) recently posted sales data for the months of November and December. Sales rose 8% year over year to $716 million in the said period.

Comparable Retail segment net sales (including comparable direct-to-consumer channel) rose 3%. Comparable Retail segment net sales rose 11% at Anthropologie and 21% at Free People but declined 6% at Urban Outfitters. Net sales grew 21% at the Wholesale segment.

For the 11 month-period ended Dec 31, 2013, Urban Outfitters' net sales rose 11% year over year to $2.9 billion. Nets sales at wholesale segment grew 19% while comparable Retail segment net sales grew 7%.

Further, the company opened 36 outlets during the 11 month-period comprising 15 Urban Outfitters outlets, 12 Free People stores and 9 Anthropologie outlets. It also closed 1 store each of Urban Outfitters and Anthropologie brands.

Other retailers that came strongly during the holiday season that appeared to be tough one include Macy's, Inc. ( M ), Rite Aid Corporation ( RAD ) and Costco Wholesale Corporation ( COST ). Macy's comparable-store sales for the November and December period combined rose 3.6%, while including departments licensed to third parties, it rose 4.3%.

Costco reported a 6% year-over-year rise in net sales to $11.53 billion for December (five weeks ended Jan 5, 2014) while comps rose 3%. Drugstore chain retailer, Rite Aid reported improved comps for December (4 weeks ended Dec 28, 2013) on Jan 3, 2014. Comps for the month rose 2.9% from the prior-year period, primarily driven by higher comps at its front-end and pharmacy stores.

Currently, Urban Outfitters' carries a Zacks Rank #3 (Hold).



COSTCO WHOLE CP (COST): Free Stock Analysis Report

MACYS INC (M): Free Stock Analysis Report

RITE AID CORP (RAD): Free Stock Analysis Report

URBAN OUTFITTER (URBN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: COST , M , RAD , URBN

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM