Following positive third quarter signs, Urban Outfitters has also presented decent fourth quarter growth. For its full fiscal year, the company took just a small step forward.
Growth for all chains
Urban Outfitters’ fourth quarter turnover grew 5.9 % to 1.09 billion dollars (890 million euro), which was a 4 % growth like-for-like. The bulk came from affiliate chain Free People, with an 8 % like-for-like turnover growth. Anthropologie posted a 5 % like-for-like turnover growth and Urban Outfitters followed suit with 2 %.
For its full fiscal year, Urban Outfitters’ turnover reached 3.62 billion dollars (almost 3 billion euro), up 2 % compared to the year before. The like-for-like retail turnover remained stable, but wholesale turnover grew 9.5 %.
Luckily for Urban Outfitters, a year that started out negatively has ended on a positive note. In the first half of 2017, its turnover dropped, but it managed to grow again in the third quarter. It will reveal its full-year results on 6 March.