Urban Outfitters Seeks Acquisitions
Sep 23 14
Urban Outfitters Inc. (NasdaqGS:URBN) is looking for acquisitions. Dick Hayne, Chairman, President and Chief Executive Officer of Urban Outfitters said, we are looking to extend our product offerings and our service offering. To the degree that there is acquisition candidates out there that can help us get there faster than we think we could do it on our own then we will be open to an acquisition like that. What we're not looking for right now is a fourth brand, a fifth brand, something completely unrelated. We have a very, very clear strategy. We want to stick with that strategy. Acquisitions absolutely could be part of it, but it will only be part of it if it fits within that strategy.
Puku's Puku S8 Now Available at Urban Outfitters
Aug 26 14
Puku announced that Puku S8, the company's charger, is now available at Urban Outfitters. The Puku S8 is coming soon to Radio Shack and available now through Urban Outfitters, Amazon.com, as well as www.gotpuku.com for a $99.00 MSRP.
Urban Outfitters Inc. Plans to Open New Stores
Aug 18 14
Urban Outfitters Inc. looks forward to the remainder of fiscal year 2015. The company is planning to open approximately 35 to 40 new stores during the year. By brand, the company is planning approximately 11 new Urban Outfitters stores globally, including 3 new European stores; 15 new Anthropologie stores globally, including 3 new European stores; and 12 new Free People stores in North America.
Urban Outfitters Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015
Aug 18 14
Urban Outfitters Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, net sales were $811,253,000 against $758,524,000 for the same period of last year. Income from operations was $105,117,000 against $119,317,000 for the same period of last year. Income before income taxes was $104,594,000 against $119,524,000 for the same period of last year. Net income was $67,509,000 against $76,363,000 for the same period of last year. Net income per diluted share was $0.49 against $0.51 for the same period of last year.
For the six months, net sales were $1,497,563,000 against $1,406,701,000 for the same period of last year. Income from operations was $164,938,000 against $192,283,000 for the same period of last year. Income before income taxes was $164,071,000 against $192,361,000 for the same period of last year. Net income was $104,987,000 against $123,421,000 for the same period of last year. Net income per diluted share was $0.74 against $0.83 for the same period of last year.
Capital expenditures for fiscal year 2015 are planned at approximately $215 million to $235 million, driven primarily by a new fulfillment center in Gap, Pennsylvania, the expansion of home office and new stores. Annual effective tax rate is planned to be approximately 35%.