Urban Outfitters on the Rise: Robust Double-Digit Growth in Third-Quarter Earnings

Urban Outfitters posted double-digit growth in the third quarter and for the first nine months of the year. The U.S. fashion company, which specializes in urban style, posted sales of $1.53 billion in the third quarter of the year, 12.3% more than in the same period last year. In 2024, the company posted a record profit of $402.5 million.

As published in its earnings release on Wednesday, Urban Outfitters increased its net income by 13.1% to $116.4 million in the third quarter of its fiscal year (ended October 31st), compared to $102.9 million recorded in the same period last year.

The U.S. company also increased its turnover in the first nine months of the year, but at a slightly slower rate of 11.5%. The company has increased its profit in this period, which rose by 30.7% to $368.7 million.

Urban Outfitters records a profit of $368.7 million, an increase of 30.7%

By chains, Anthropologie once again represents the group’s largest volume, with sales of $634.8 million in the third quarter, almost 8% more than in the same period of the previous year. The Free People proposition is in second place, with sales of $399.8 million, followed by Urban Outfitters with $339.8 million. Rental platform Nuuly had a turnover in the period of $144.6 million, up 48%. Its restaurant offering, Menus&Venues, remained stable at $10.8 million.

For the first nine months of the year, all of Urban Outfitters’ offerings were up. Anthropologie posted sales of $1.81 billion, up 7.6% over the same period last year. Free People increased its sales by 11.2% to $1.17 billion. Urban Outfitters recorded sales of $946.5 million; Nuuly, $407.9 million (up 53%) and Menus&Venues, $30 million.

Retail sales continue to lead the group’s turnover, with sales of $1.30 billion in the third quarter and $3.72 billion in the first nine months of the year. In second place, but far behind, were subscriptions, with sales of $144.6 million in the third quarter and $407.9 million in the first nine months of the fiscal year. Finally, wholesale posted sales of $88.2 million in the third quarter and $239.5 million in the first nine months of the year.

Urban Outfitters CEO Richard A. Hayne hailed the upward numbers. “The trends seen last quarter have remained consistent with broad-based comparable sales growth and solid results,“ he added. His goal, he assures, is to “maintain sustained growth over the long term.“