Dive Brief:
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Urban Outfitters Monday reported better-than-expected Q4 earnings, with the first same-store sales increase for its namesake brand in three quarters.
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Fourth quarter same-store sales rose 6% overall; 18% at Free People, 6% at Anthropologie, and 4% at Urban Outfitters stores. Urban Outfitters overall saw Q4 revenue rise 12% year over year to $1.01 billion, meeting expectations.
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The retail company declined to give an outlook for fiscal 2016 except to say its board approved a repurchase of 20 million shares.
Dive Insight:
Urban Outfitters seems to be shaking off some of the trouble it has seen lately, between sluggish sales and a disturbing habit of selling controversial apparel. The Philadelphia apparel retailer finally saw an increase in same-store sales at its namesake brand as well as its Anthropologie and Free People brands, both of which have been carrying the company lately.