PHILADELPHIA, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters and Nuuly brands and the Food and Beverage division, today announced net income of $60 million and $93 million for the three and six months ended July 31, 2019, respectively. Earnings per diluted share were $0.61 and $0.91 for the three and six months ended July 31, 2019, respectively.
Total Company net sales for the three months ended July 31, 2019, decreased 3.0% over the same period last year to $962 million. Comparable Retail segment net sales decreased 3%, driven by negative retail store sales, partially offset by growth in the digital channel. By brand, comparable Retail segment net sales increased 6% at Free People and decreased 3% at the Anthropologie Group and 5% at Urban Outfitters. Wholesale segment net sales decreased 8%.
'I am pleased to report that customer reaction to our early fall apparel assortments have improved significantly from our second quarter results,' said Richard A. Hayne, Chief Executive Officer. 'Third quarter-to-date 'comp' sales are positive at all three brands,' finished Mr. Hayne.
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Urban Outfitters Inc. published this content on 20 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2019 21:02:09 UTC
Urban Outfitters, Inc. is a lifestyle products and services company. The Company through three segments: Retail, Wholesale and Nuuly. The Retail segment includes its store and digital channels and includes its Anthropologie, Free People, FP Movement and Urban Outfitters brands. In addition to retail stores, it offers its products and services directly to its customers through its Websites, mobile applications, social media and third-party digital platforms, catalogs and customer contact centers. The Wholesale segment primarily designs, develops, and markets apparel, intimates, activewear and shoes. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and its Retail segment. The Company operates a Wholesale segment under the Free People, FP Movement and Urban Outfitters brands. The Nuuly segment consists of the Nuuly brand, which includes Nuuly Rent and Nuuly Thrift. Nuuly Rent is a monthly womenâs apparel subscription rental service.
URBAN OUTFITTERS, INC. 
