Urban Outfitters profit rises as sales increase at Anthropologie stores
Nov 18 (Reuters) - Teen apparel retailer Urban Outfitters Inc reported an 18 percent rise in quarterly profit, driven by strong growth in sales in its Anthropologie and Free People chains.
The company, also known for the Urban Outfitters chain, said net income rose to $70.3 million, or 47 cents per share, in the third quarter ended Oct. 31 from $59.5 million, or 40 cents per share, a year earlier.
Revenue rose 12 percent to $774 million.
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media