Record Third-Quarter Revenue and Net Income
Total revenues grew by 12% and net income increased by 13%, both reaching new third-quarter records. Total sales reached a Q3 record of $1.5 billion.
Positive Retail Segment Comps Across All Brands
All retail segment brands delivered positive comps, with four out of five brands posting record third-quarter sales. Notable performance in Urban brand with double-digit comps in North America and Europe.
Nuuly's Subscriber and Revenue Growth
Nuuly delivered strong 49% revenue growth driven by an increase of 118,000 average active subscribers compared to the prior year.
Gross Profit and Margins Improvement
Gross profit increased by 13% to a record $563 million with a 31 basis points improvement in gross profit rate to 36.8%.
Anthropologie Group's Strong Performance
The Anthropologie Group delivered an 8% retail segment comparable sales increase, marking the nineteenth consecutive quarter of positive comparable sales.
FP Movement Growth
FP Movement delivered strong growth of 18% driven by a 4% retail segment comp and 29% growth in wholesale segment sales.
Urban Outfitters Europe Exceptional Growth
Urban Outfitters Europe recorded a 17% retail segment comp, driven by double-digit comp increases in both store and digital channels.