URBN Reports Record Holiday Sales
Urban Outfitters (NASDAQ:URBN) reported strong holiday sales performance for December 2024. Total company net sales increased 10% for the two months ended December 31, 2024, compared to the same period in 2023. The Retail segment saw a 7% increase in net sales, with comparable sales up 6%, driven by high single-digit digital channel growth and low single-digit store sales growth.
Notable performances include Anthropologie's 10% comparable sales increase, Free People's 9% growth, and FP Movement's impressive 23% comparable sales growth. However, Urban Outfitters brand experienced a 4% decrease. The Nuuly segment showed remarkable growth with a 55% increase in net sales, primarily due to a 53% increase in active subscribers. The Wholesale segment grew 29%, driven by increased Free People sales to specialty customers and department stores.
For the eleven-month period, the company opened 45 new retail locations while closing 12 stores, maintaining a strong retail presence with 263 Urban Outfitters, 245 Anthropologie, and 222 Free People stores globally.
Urban Outfitters (NASDAQ:URBN) ha riportato una forte performance nelle vendite durante le festività per dicembre 2024. Le vendite nette totali dell'azienda sono aumentate del 10% nei due mesi conclusi il 31 dicembre 2024, rispetto allo stesso periodo del 2023. Il segmento Retail ha visto un aumento del 7% nelle vendite nette, con vendite comparabili in crescita del 6%, sostenute da una crescita a singolo numero alta nei canali digitali e da una crescita a singolo numero bassa nelle vendite in negozio.
Performance notevoli includono un aumento delle vendite comparabili del 10% per Anthropologie, una crescita del 9% per Free People e un impressionante aumento delle vendite comparabili del 23% per FP Movement. Tuttavia, il marchio Urban Outfitters ha registrato un calo del 4%. Il segmento Nuuly ha mostrato una crescita straordinaria con un aumento del 55% nelle vendite nette, principalmente grazie a un aumento del 53% nel numero di abbonati attivi. Il segmento Wholesale è cresciuto del 29%, grazie all’aumento delle vendite di Free People a clienti specializzati e a grandi magazzini.
Nel periodo di undici mesi, l'azienda ha aperto 45 nuove sedi al dettaglio chiudendo 12 negozi, mantenendo una forte presenza retail con 263 negozi Urban Outfitters, 245 Anthropologie e 222 Free People a livello globale.
Urban Outfitters (NASDAQ:URBN) informó un sólido desempeño en ventas durante las festividades de diciembre de 2024. Las ventas netas totales de la empresa aumentaron un 10% en los dos meses que terminaron el 31 de diciembre de 2024, en comparación con el mismo período en 2023. El segmento Retail vio un aumento del 7% en las ventas netas, con ventas comparables en alza del 6%, impulsadas por un crecimiento de dígito simple alto en los canales digitales y un crecimiento de dígito simple bajo en las ventas de tienda.
Actuaciones notables incluyen un aumento del 10% en ventas comparables para Anthropologie, un crecimiento del 9% para Free People y un impresionante aumento del 23% en ventas comparables para FP Movement. Sin embargo, la marca Urban Outfitters experimentó una disminución del 4%. El segmento Nuuly mostró un crecimiento notable con un aumento del 55% en las ventas netas, principalmente debido a un aumento del 53% en suscriptores activos. El segmento Wholesale creció un 29%, impulsado por el aumento en las ventas de Free People a clientes especializados y grandes almacenes.
Durante el periodo de once meses, la empresa abrió 45 nuevas tiendas mientras cerraba 12, manteniendo una fuerte presencia retail con 263 tiendas Urban Outfitters, 245 Anthropologie y 222 Free People a nivel mundial.
urban Outfitters (NASDAQ:URBN)는 2024년 12월 연휴 기간 동안 강력한 판매 실적을 보고했습니다. 2024년 12월 31일로 끝나는 두 달 동안 회사의 총 순매출은 2023년 같은 기간과 비교하여 10% 증가했습니다. 소매 부문은 순매출이 7% 증가했으며, 비교 가능한 매출은 6% 증가했습니다. 이는 높은 단일 자릿수 디지털 채널 성장과 낮은 단일 자릿수 매장 매출 성장에 의해 주도되었습니다.
주목할 만한 실적으로는 Anthropologie의 비교 가능한 매출 증가 10%, Free People의 9% 성장, FP Movement의 인상적인 비교 가능한 매출 성장 23%이 있습니다. 그러나 Urban Outfitters 브랜드는 4% 감소했습니다. Nuuly 부문은 순매출이 55% 증가하여 주목할 만한 성장을 보였으며, 이는 주로 활성 구독자가 53% 증가한 데 기인합니다. 도매 부문은 29% 성장했으며, 이는 전문 고객 및 백화점에 대한 Free People의 판매 증가에 의해 주도되었습니다.
11개월 동안 회사는 45개 새로운 소매점을 열고 12개 매장을 폐쇄하여, 전 세계적으로 263개의 Urban Outfitters, 245개의 Anthropologie, 222개의 Free People 매장을 통해 강력한 소매 존재감을 유지하고 있습니다.
Urban Outfitters (NASDAQ:URBN) a annoncé une solide performance de vente pour les vacances de décembre 2024. Les ventes nettes totales de l'entreprise ont augmenté de 10% pour les deux mois se terminant le 31 décembre 2024, par rapport à la même période en 2023. Le segment Retail a connu une augmentation de 7% des ventes nettes, avec des ventes comparables en hausse de 6%, soutenues par une forte croissance à un chiffre dans le canal numérique et une faible croissance à un chiffre dans les ventes en magasin.
Les performances notables incluent une augmentation des ventes comparables de 10% pour Anthropologie, une croissance de 9% pour Free People, et une impressionnante augmentation des ventes comparables de 23% pour FP Movement. Cependant, la marque Urban Outfitters a connu une diminution de 4%. Le segment Nuuly a montré une croissance remarquable avec une augmentation de 55% des ventes nettes, principalement grâce à une augmentation de 53% des abonnés actifs. Le segment Wholesale a augmenté de 29%, tiré par une augmentation des ventes de Free People auprès de clients spécialisés et de grands magasins.
Au cours de la période de onze mois, l'entreprise a ouvert 45 nouveaux magasins de détail tout en fermant 12 boutiques, maintenant ainsi une forte présence de détail avec 263 magasins Urban Outfitters, 245 Anthropologie et 222 Free People à l'échelle mondiale.
Urban Outfitters (NASDAQ:URBN) berichtete über eine starke Verkaufsleistung während der Feiertage für Dezember 2024. Der Gesamtumsatz des Unternehmens stieg um 10% in den beiden Monaten bis zum 31. Dezember 2024 im Vergleich zum gleichen Zeitraum im Jahr 2023. Der Einzelhandelssektor verzeichnete einen Umsatzanstieg von 7%, während die vergleichbaren Verkäufe um 6% ankamen, getrieben durch ein hohes einstelliges Wachstum im digitalen Kanal und ein niedriges einstelliges Wachstum des Filialumsatzes.
Besondere Leistungen umfassen Anthropologies vergleichbare Umsatzsteigerung von 10%, die 9% Wachstum von Free People und das beeindruckende 23% Wachstum der vergleichbaren Verkäufe von FP Movement. Allerdings erlebte die Marke Urban Outfitters einen Rückgang von 4%. Der Nuuly-Sektor zeigte ein bemerkenswertes Wachstum mit einem Umsatzanstieg von 55%, hauptsächlich aufgrund eines Anstiegs von 53% bei aktiven Abonnenten. Der Großhandelssektor wuchs um 29%, angetrieben durch erhöhte Free People Verkäufe an spezielle Kunden und Warenhäuser.
In dem elfmonatigen Zeitraum eröffnete das Unternehmen 45 neue Einzelhandelsstandorte und schloss 12 Geschäfte, wodurch eine starke Einzelhandelspräsenz mit 263 Urban Outfitters, 245 Anthropologie und 222 Free People Geschäften weltweit aufrechterhalten wurde.
- Total company net sales increased 10% during holiday period
- Nuuly segment showed 55% growth in net sales with 53% subscriber increase
- Wholesale segment grew 29% driven by Free People sales
- Anthropologie achieved 10% comparable sales growth
- FP Movement brand recorded 23% comparable sales growth
- Net expansion of 33 retail locations (45 openings vs 12 closures)
- Urban Outfitters brand comparable sales decreased 4%
Insights
URBN's holiday sales performance reveals robust growth across multiple segments. The 10% total company net sales increase for the two-month holiday period demonstrates strong consumer demand, particularly notable given the challenging retail environment. The standout performers include Anthropologie with 10% comparable sales growth and FP Movement's impressive 23% comparable sales increase.
Digital channel performance showing high single-digit growth indicates successful e-commerce adaptation, while the 55% growth in Nuuly segment with a 53% increase in active subscribers suggests strong execution in the rental subscription market. The wholesale segment's 29% growth reflects successful brand positioning with specialty retailers and department stores, diversifying revenue streams effectively.
The strategic expansion with 45 new retail locations, particularly focusing on Free People and FP Movement stores, shows confidence in brick-and-mortar growth despite industry-wide digital shifts. However, the 4% decrease in Urban Outfitters brand comparable sales warrants attention as it could indicate challenges in the core brand's positioning or merchandise assortment.
The holiday sales data reveals significant shifts in consumer behavior and brand preferences. Anthropologie's strong performance suggests successful targeting of higher-income consumers who remain resilient in their spending. The exceptional growth in FP Movement indicates perfect timing in capturing the expanding athleisure market, which continues to blend lifestyle and fitness wear.
The Nuuly segment's remarkable growth demonstrates the increasing consumer adoption of rental fashion, a trend particularly resonating with environmentally conscious millennials and Gen-Z consumers. The expansion strategy, heavily weighted toward Free People and FP Movement stores, aligns with identified market opportunities in premium casual wear and athletic apparel.
The decline in Urban Outfitters brand performance might reflect changing youth fashion preferences or increased competition in the mid-market segment. The strong digital channel growth across brands indicates successful omnichannel integration, essential for capturing modern shopping behaviors.
PHILADELPHIA, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced net sales for the two and eleven months ended December 31, 2024.
Total Company net sales for the two months ended December 31, 2024, increased
For the eleven months ended December 31, 2024, total Company net sales increased
During the eleven months ended December 31, 2024, the Company opened a total of 45 new retail locations including: 26 Free People stores (including 15 FP Movement stores), 12 Anthropologie stores and 7 Urban Outfitters stores; and closed 12 retail locations including: 6 Urban Outfitters stores, 4 Anthropologie stores and 2 Free People stores.
Urban Outfitters, Inc. offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of 263 Urban Outfitters stores in the United States, Canada and Europe and websites; 245 Anthropologie stores in the United States, Canada and Europe, catalogs and websites; 222 Free People stores (including 53 FP Movement stores) in the United States, Canada and Europe, catalogs and websites, 9 Menus & Venues restaurants, 7 Urban Outfitters franchisee-owned stores and 2 Anthropologie franchisee-owned stores as of December 31, 2024. Free People, FP Movement and Urban Outfitters wholesale sell their products through department and specialty stores worldwide, digital businesses and the Company’s Retail segment. Nuuly is primarily a women's apparel subscription rental service which offers a wide selection of rental product from the Company's own brands, third-party brands and one-of-a-kind vintage pieces.
As used in this document, unless otherwise defined, "Anthropologie" refers to the Company's Anthropologie and Terrain brands and "Free People" refers to the Company's Free People and FP Movement brands.
This news release is being made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Certain matters contained in this release may contain forward-looking statements. When used in this release, the words “project,” “believe,” “plan,” “will,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: overall economic and market conditions (including current levels of inflation) and worldwide political events and the resultant impact on consumer spending patterns and our pricing power, the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, the effects of the implementation of the United Kingdom's withdrawal from membership in the European Union (commonly referred to as “Brexit”), including currency fluctuations, economic conditions and legal or regulatory changes, any effects of war, including geopolitical instability, impacts of the conflict in the Middle East and impacts of the war between Russia and Ukraine and from related sanctions imposed by the United States, European Union, United Kingdom and others, terrorism and civil unrest, natural disasters, severe or unseasonable weather conditions (including as a result of climate change) or public health crises (such as the coronavirus (COVID-19)), labor shortages and increases in labor costs, raw material costs and transportation costs, availability of suitable retail space for expansion, timing of store openings, risks associated with international expansion, seasonal fluctuations in gross sales, response to new concepts, our ability to integrate acquisitions, risks associated with digital sales, our ability to maintain and expand our digital sales channels, any material disruptions or security breaches with respect to our technology systems, the departure of one or more key senior executives, import risks (including any shortage of transportation capacities or delays at ports), changes to U.S. and foreign trade policies (including the enactment of tariffs, border adjustment taxes or increases in duties or quotas), the unexpected closing or disruption of, or any damage to, any of our distribution centers, our ability to protect our intellectual property rights, failure of our manufacturers and third-party vendors to comply with our social compliance program, risks related to environmental, social and governance activities, changes in our effective income tax rate, changes in accounting standards and subjective assumptions, regulatory changes and legal matters and other risks identified in our filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update forward-looking statements even if experience or future changes make it clear that actual results may differ materially from any projected results expressed or implied therein.
| Contact: | Oona McCullough |
| Executive Director of Investor Relations | |
| (215) 454-4806 |
FAQ
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