URBN Provides Sales Update Prior to Goldman Sachs Conference
September 06 2018 - 08:00AM
Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products
and services company which operates a portfolio of global consumer
brands comprised of Anthropologie, BHLDN, Free People, Terrain and
Urban Outfitters brands and the Food and Beverage division, today
announced Retail segment comparable net sales thus far during the
third quarter of fiscal 2019 of 10% as of September 3, 2018.
Urban Outfitters, Inc., offers
lifestyle-oriented general merchandise and consumer products and
services through a portfolio of global consumer brands comprised of
247 Urban Outfitters stores in the United States, Canada, and
Europe and websites; 228 Anthropologie Group stores in the United
States, Canada and Europe, catalogs and websites; 135 Free People
stores in the United States and Canada, catalogs and websites and
12 Food and Beverage restaurants, as of August 31, 2018. Free
People and Anthropologie Group wholesale sell their products
through approximately 2,100 department and specialty stores
worldwide, third-party websites and the Company’s own retail
stores.
Urban Outfitters, Inc. will participate in the
Goldman Sachs 25th Annual Global Retailing Conference to be held at
The Plaza Hotel, in New York, NY September 5-6, 2018. Management is
scheduled to host a “Fireside Chat” on Thursday, September 6, 2018,
at 8:50 am ET, which will be webcast live and available in the
Investor Relations section of the Company’s website at
www.urbn.com.
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 contain 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 worldwide
political events and the resultant impact on consumer spending
patterns, any effects of war, terrorism, and civil unrest, natural
disasters or severe or unseasonable weather conditions, increases
in labor costs, increases in raw material costs, 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, changes to U.S. and foreign trade
policies, including the enactment of tariffs, border adjustment
taxes or increases in duties or quotas, the closing or disruption
of, or any damage to, any of our distribution centers, our ability
to protect our intellectual property rights, risks associated with
internet sales, our ability to maintain and expand our digital
sales channels, response to new store concepts, our ability to
integrate acquisitions, failure of our manufacturers and
third-party vendors to comply with our social compliance program,
changes in our effective income tax rate, the impact of the U.S.
Tax Cuts and Jobs Act, 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.
Contact: |
Oona McCullough |
|
Director of Investor
Relations |
|
(215) 454-4806 |
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