Anthro is holding Urban Outfitters Afloat

I already blogged about this before, so this will be brief:

Urban Outfitter's(URBN Quote) Anthropolgie chain is keeping the company afloat, as its namesake chain and Free People concept weighed on third-quarter results.

 the quarter, the company earned $62.4 million, or 36 cents a share, compared with $59.3 million, or 35 cents, in the year-ago period. Analysts expected the company to earn 35 cents a share.
Revenue rose 6% to $505.9 million from $478 million last year. Total same-store sales, however, slipped 2%, weighed down by its Free People concept.
By division, comparable sales grew 3% at Anthropologie, fell 5% at its namesake brand and plunged 13% at Free People.

Interesting how the most expensive line in this company brings in the most revenue! Go anthro!


Post a Comment