Urban Outfitters reports ‘record’ holiday sales, net sales increase 10% y/y

Total Company net sales for the two months ended December 31, 2024, increased 10% compared to the two months ended December 31, 2023. Total Retail segment net sales increased 7%, with comparable Retail segment net sales increasing 6%. The increase in Retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. Comparable Retail segment net sales increased 10% at Anthropologie and 9% at Free People and decreased 4% at Urban Outfitters (URBN). FP Movement brand Retail segment comparable net sales increased 23% and Free People brand Retail segment comparable net sales increased 6%. Nuuly segment net sales increased 55% primarily driven by a 53% increase in average active subscribers in the current period versus the prior year period. Wholesale segment net sales increased 29% driven by an increase in Free People wholesale sales due to an increase in sales to specialty customers and department stores.