PHILADELPHIA — Urban Outfitters said Thursday that its fiscal fourth-quarter revenue rose 15 percent to $856.8 million, beating analysts’ estimates.
Analysts surveyed by FactSet expected revenue of $836.6 million.
The stock rose 12 cents to $43.27 in premarket trading.
CEO Richard Hayne said in a statement that the quarterly performance was helped by new stores, better products and more effective marketing across its brands.
The Philadelphia company, whose brands include Anthropologie, BHLDN, Free People, Terrain and its namesake, said that revenue from stores open at least a year was flat. Removing direct-to-consumer returns at its store, the figure would have increased by a low single-digit percentage rate.
This metric is an indicator of a retailer’s health because it excludes results from stores recently opened or closed.
Comparable retail segment sales, which includes direct-to-consumer, climbed 11 percent. This was led by a 37 percent increase at Free People. The Urban Outfitters brand reported an 11 percent rise, while Anthropologie climbed 7 percent.
Direct-to-consumer sales rose 44 percent in the quarter, while wholesale sales rose 22 percent.
Full-year revenue climbed 12 percent to $2.79 billion from $2.47 billion.
Revenue at stores open at least a year dipped 1 percent. Excluding direct-to-consumer returns at its store, the metric would have climbed by a low single-digit percentage rate.
Comparable retail segment sales increased 7 percent.
Direct-to-consumer sales climbed 31 percent for the year. Wholesale segment sales rose 12 percent.
Urban Outfitters Inc. will report its fourth-quarter and full-year financial results on March 11. It has 215 Urban Outfitters stores in the U.S., Canada, and Europe; 180 Anthropologie stores in the U.S., Canada and Europe; Free People wholesale, which sells its product to approximately 1,400 specialty stores and select department stores, 77 Free People stores in the US and Canada; two BHLDN stores and two Terrain garden centers.