Urban Outfitters Inc. is beginning to see some positive signs in its namesake business.
But the retailer still has work to do. Fourth-quarter net income declined 9 percent to $80 million from $88 million in the 2014 quarter, and 18 percent to $232 million for the year ending Jan. 15, compared with $282 million in 2014.
Earnings per diluted share were 60 cents in the fourth quarter, beating analysts estimates of 58 cents a diluted share. EPS for the year came in at $1.68.
Fourth-quarter sales rose to $1.01 billion, a 12 percent increase over the prior-year period. For the year, total company net sales increased 8 percent to a record $3.3 billion from $3.08 billion in 2014. Comparable retail segment net sales advanced 2 percent and wholesale segment net sales increased 27 percent in the fourth quarter.
By business, comparable retail segment net sales increased 18 percent at Free…
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