Close

Form 8-K URBAN OUTFITTERS INC For: Jan 08

January 8, 2015 3:39 PM EST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section�13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January�8, 2015

URBAN OUTFITTERS, INC.

(Exact Name of Registrant as Specified in its Charter)

Pennsylvania 000-22754 23-2003332

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5000 South Broad St, Philadelphia PA 19112
(Address of principal executive offices) (Zip Code)

Registrant�s telephone number, including area code (215)�454-5500

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4))


Item�2.02. Results of Operations and Financial Condition

On January�8, 2015, the Company issued a sales release, which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The sales release disclosed material non-public information regarding the Company�s sales for the two month holiday selling season and the eleven months ended December�31, 2014.

Item�9.01. Financial Statements and Exhibits

99.1 Sales Release dated January�8, 2015 � Fiscal Year 2015 Holiday Sales

- 1 -


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

URBAN OUTFITTERS, INC.
Date: January�8, 2015 By:

/s/ Francis J. Conforti

Francis J. Conforti
Chief Financial Officer

- 2 -


Exhibit Index

Exhibit
No.

��

Description

EX-99.1 �� Sales Release dated January�8, 2015 � Fiscal Year 2015 Holiday Sales

- 3 -

Exhibit 99.1

URBAN OUTFITTERS, INC.

Holiday Sales Results

Philadelphia, PA � January�8, 2015

For Immediate Release Contact: Oona McCullough
Director of Investor Relations
(215) 454-4806

Urban Outfitters Reports Record Holiday Sales

PHILADELPHIA, PA, January�8, 2015 - Urban Outfitters, Inc. (NASDAQ: URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced record net sales for the two months ended December�31, 2014.

Total Company net sales for the two months increased to $785 million or 10% over the same period last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 4%. Comparable Retail segment net sales increased 17% at Free People, 5% at the Anthropologie Group and 1% at Urban Outfitters. Wholesale segment net sales increased 14%.

�This year�s holiday environment in the fashion apparel industry was more promotional than any I can recall,� said Richard A. Hayne, Chief Executive Officer. �Thus, I am pleased the company delivered record sales and positive retail segment comps at each of our brands,� finished Mr.�Hayne.

For the 11-month period ended December�31, 2014, total Company net sales increased to $3.1 billion or 7% over the same period last year. Comparable Retail segment net sales increased 1%.�Wholesale segment net sales increased 27%.

During the 11 months ended December�31, 2014, the Company opened a total of 37 new stores including: 14 Anthropologie stores, 12 Free People stores, and 11 Urban Outfitters stores; and closed 1 Urban Outfitters store.

Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 240 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 203 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 102 Free People stores in the United States and Canada, catalogs and websites; Free People wholesale, which sells its product to approximately 1,500 specialty stores and select department stores worldwide; and 2 Terrain garden centers and a website, as of December�31, 2014.

This news release is being made pursuant to the �safe harbor� provisions of the Private Securities Litigation Reform Act of 1995. Certain matters contained in this release may constitute forward-looking statements. When used in this release, the words �project,� �believe,� �plan,� �will,� �anticipate,� �expect� and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, overall economic and market conditions and the resultant impact on consumer spending patterns, lowered levels of consumer confidence and higher levels of unemployment, continuation of lowered levels of consumer spending resulting from a worldwide political and economic crisis, any effects of terrorist acts or war, natural disasters or severe weather conditions, availability of suitable retail space for expansion, timing of store openings, risks associated with international expansion, seasonal fluctuations in gross sales, the departure of one or more key senior executives, import risks, including potential disruptions and changes in duties, tariffs and quotas, the closing of any of our distribution centers, our ability to protect our intellectual property rights, risks associated with internet sales, response to new store concepts, failure of our manufacturers to comply with our social compliance program, changes in accounting standards and subjective assumptions, regulatory changes and legal matters and other risks identified in the Company�s filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update forward-looking statements even if experience or future changes make it clear that actual results may differ materially from any projected results expressed or implied therein.

###



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings