Urban Outfitters reports double-digit growth in Q3

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Fashion and lifestyle brand Urban Outfitters saw percentage growth in the double digits in both net income and sales last quarter.

Fashion and lifestyle brand Urban Outfitters saw percentage growth in the double digits in both net income and sales last quarter.

Net income rose 18% from $59.5 million to $70.3 million, while net sales were up 11.7% from $692.9 million to $774 million.

Urban CEO Richard A. Hayne remains cautious about the next quarter because of the competitive holiday environment.

Urban Outfitters is currently planning a major retail and lifestyle campus at the former Waterloo Garden in Devon, Pennsylvania, called Devon Yard. The project includes a boutique hotel, specialty food store, and a wellness facility.

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