Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, today announced net income of $47 million for the three months ended April 30, 2013. Earnings per diluted share were $0.32 for the quarter.
Total Company net sales for the first quarter of fiscal 2014 increased to a record $648 million or 14% over the same quarter last year. Comparable retail segment net sales, which include our comparable direct-to-consumer channel, increased 9%. Comparable retail segment net sales increased 44% at Free People, 8% at Anthropologie and 6% at Urban Outfitters. Wholesale segment net sales rose 16%.
"Our brands delivered solid growth across all channels in the first quarter, especially in our direct-to-consumer channel," said Chief Executive Officer, Richard A. Hayne. "Our focus on the direct-to-consumer channel has paid off nicely and we plan to continue to make the investments necessary to support its robust growth," finished Mr. Hayne.
Net sales by brand and segment for the three month periods were as follows:
Three Months Ended April 30,
Net sales by brand 2013 2012
Urban Outfitters $ 292,790 $ 266,390
Anthropologie $ 265,068 $ 235,118
Free People $ 83,324 $ 61,672
Other $ 6,995 $ 5,750
Total Company $ 648,177 $ 568,930
Net sales by segment
Retail Segment $ 611,971 $ 537,746
Wholesale Segment $ 36,206 $ 31,184
Total Company $ 648,177 $ 568,930