Earnings release
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For Immediate Release URBAN OUTFITTERS , INC . Second Quarter Results Philadelphia , PA - August 24 , 2021 Contact : Oona McCullough URBN Q2 : Record Sales , Record Profits Exhibit 99.1 Executive Director of Investor Relations ( 215 ) 454-4806 PHILADELPHIA , PA , August 24 , 2021 - Urban Outfitters , Inc. ( NASDAQ : URBN ) , a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie , BHLDN , Free People , FP Movement , Terrain , Urban Outfitters , Nuuly and Menus & Venues brands , today announced net income of $ 127 million and earnings per diluted share of $ 1.28 for the three months ended July 31 , 2021. For the six months ended July 31 , 2021 , net income was $ 181 million and earnings per diluted share were $ 1.82 . Due to the material impact of COVID - 19 on our business operations in fiscal 2021 , including mandated store closures , this release includes a comparison of fiscal 2022 results to fiscal 2020. Management views the comparison of fiscal 2022 results to fiscal 2020 as the more meaningful measurement of the Company's business performance . Total Company net sales for the three months ended July 31 , 2021 , were a record $ 1.16 billion . Net sales increased 20.3 % compared to the three months ended July 31 , 2019. Comparable Retail segment net sales increased 22 % , driven by strong double - digit growth in digital channel sales , partially offset by low single - digit negative retail store sales due to reduced store traffic . By brand , comparable Retail segment net sales increased 53 % at the Free People Group , 20 % at Urban Outfitters and 14 % at the Anthropologie Group . Total Retail segment net sales increased 24 % . Wholesale segment net sales decreased 30 % primarily from reducing the Free People Group's sales to promotional wholesale customers . For the six months ended July 31 , 2021 , total Company net sales increased 14.1 % compared to the six months ended July 31 , 2019. Comparable Retail segment net sales increased 17 % , driven by strong double - digit growth in digital channel sales , partially offset by double - digit negative retail store sales due to reduced store traffic resulting from temporary store closures and occupancy restrictions in Europe and Canada . Wholesale segment net sales decreased 27 % primarily from reducing the Free People Group's sales to promotional wholesale customers . " We're pleased to report record second quarter sales and earnings driven by extraordinary performance at all three brands , " said Richard A. Hayne , Chief Executive Officer . " Congratulations to all Brand , Creative and Shared teams for the exceptional execution that led to a 110 % increase in earnings per share over fiscal 2020 , ” finished Mr. Hayne . Net sales by brand and segment for the three and six - month periods were as follows : Net sales by brand Urban Outfitters Anthropologie Group Free People Group Menus & Venues Nuuly ( 1 ) Total Company 2021 Three Months Ended July 31 , 2020 2019 $ 441,616 450,593 $ 323,889 $ 355,045 295,126 394,280 249,708 178,019 205,940 5,869 1,560 7,064 9,939 4,672 $ 1,157,725 $ 803,266 $ 962,329