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April 12, 2021, 8:35 a.m. EDT

Urban Outfitters says sales have grown for the first quarter to date

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By Tonya Garcia

Urban Outfitters Inc. /zigman2/quotes/208403734/composite URBN -0.94% said Monday that comparable retail sales have risen in the high-single digits for the first quarter so far compared to 2020. In North America the increase was led by double-digit comparable sales gains at Free People and the namesake brand. Sales at Anthropologie have improved, though remain slightly negative. COVID-19 restrictions have kept most European stores closed for the first quarter, however U.K. locations are expected to reopen on Monday. The FactSet consensus is for first-quarter sales of $870.8 million, suggesting 48% year-over-year growth. The company also announced that Tricia Smith has joined as global chief executive of the Anthropologie brand. Smith spent 26 years with Nordstrom Inc. /zigman2/quotes/203902116/composite JWN -0.07% and was most recently CEO of clothing and accessories retailer Tilly's. Anthropologie's previous global CEO, Hillary Super, stepped down on Friday, April 9. Urban Outfitters stock slipped 1.7% in Monday premarket trading, but has rallied 53% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.78% is up nearly 10% for 2021 so far.

/zigman2/quotes/208403734/composite
US : U.S.: Nasdaq
$ 36.33
-0.34 -0.94%
Volume: 57,840
May 12, 2021 9:59a
P/E Ratio
11,734
Dividend Yield
N/A
Market Cap
$3.60 billion
Rev. per Employee
$181,566
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/zigman2/quotes/203902116/composite
US : U.S.: NYSE
$ 37.97
-0.02 -0.07%
Volume: 102,399
May 12, 2021 9:59a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$5.99 billion
Rev. per Employee
$172,823
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/zigman2/quotes/210599714/realtime
US : S&P US
4,119.83
-32.27 -0.78%
Volume: 259.82M
May 12, 2021 9:59a
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