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By
Reuters
Published
May 6, 2010
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Urban Outfitters first quarter revenue beats Wall Street

By
Reuters
Published
May 6, 2010

May 6 (Reuters) - Urban Outfitters Inc (URBN.O) posted better-than-expected first-quarter revenue, helped by strong performance at its direct-to-consumers segment.


Urban Outfitters

The operator of the Urban Outfitters, Anthropologie and Free People chains, which also sells clothes wholesale to other retailers, said revenue for the quarter rose 25 percent to $480 million.

Analysts on average had expected revenue of $465.8 million, according to Thomson Reuters I/B/E/S.

Same-store sales for the quarter rose 11 percent.

Comparable retail segment sales, which includes direct-to-consumer channel, rose 16 percent, the company said in a statement.

Shares of the company closed at $38.05 Wednesday 5 May on Nasdaq (Reporting by Shobhana Chadha in Bangalore; Editing by Unnikrishnan Nair)

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