Urban Outfitters Q4 Profit Tops View, But Sales Miss Estimates - Quick Facts

(RTTNews) - Apparel retailer Urban Outfitters, Inc. (URBN) reported net income for the fourth quarter of $88.68 million or $0.59 per share, up from $82.55 million or $0.56 per share in the year-ago quarter.

Total net sales for the fourth quarter rose 6 percent to $905.86 million from $856.83 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.55 per share for the quarter on revenue of $927.86 million.

Looking ahead, Richard Hayne, Chief Executive Officer of Urban Outfitters said, "Looking forward, customer reaction to the new spring fashion offerings at our Anthropologie and Free People brands have been strong, but given the continued challenges facing the Urban Outfitters brand, we remain very cautious about URBN's first quarter performance."