These results came from double digit sales growth at department stores and specialty stores domestically and strong international growth.
KRISSY MEEHAN MASHINSKY FREE
Free People wholesale delivered another strong quarter as sales surged 36% to $59 million. Negative comp store sales resulted from decreased transactions, partially offset by higher average unit selling prices, while units per transaction were flat.īy brand, our retail segment comp rate increased by 21% and 6%, at Free People and Anthropologie Group respectively, and declined 10% at Urban Outfitters. Within our retail segment comps, the direct-to-consumer channel continued to outperform stores, posting positive gains, driven by increases in average order value and web and mobile site visitors. Our retail segment comp rate was flat for the quarter. This increase was driven by a $39 million increase in noncomparable store sales, opening nine new stores, and a 36% jump in wholesale segment sales. Total company sales for the quarter increased by 7% to a second quarter record of $811 million. Then, I will share our thoughts concerning the remainder of the year.
I will start my prepared commentary discussing our fiscal year 2015 second quarter results versus the prior comparable quarter. Thank you, Oona, and good afternoon everyone. Following that, we will be pleased to address your questions.Īs usual, the text of today's conference call, along with detailed management commentary, will be posted to our corporate website at I'll now turn the call over to Frank. Richard Hayne, our chief financial officer, will then comment on our broader strategic initiatives.
KRISSY MEEHAN MASHINSKY UPDATE
Dave Hayne, chief operating officer for the Free People brand, will provide a brief update on the Free People Brand. We will begin today's call with Frank Conforti, our chief financial officer, who will provide financial highlights for the second quarter. Additional information concerning factors that could cause actual results to differ materially from projected results is contained in the company's filings with the Securities and Exchange Commission. Please note that actual results may differ materially from those statements.
The following discussions may include forward-looking statements. Earlier this afternoon, the company issued a press release outlining the financial and operating result for the three and six month period ending July 31, 2014. Good afternoon, and welcome to the URBN second quarter fiscal 2015 conference call. I would now like to introduce Oona McCullough, Director of Investor Relations. Good day, ladies and gentlemen, and welcome to the Urban Outfitters Incorporated second quarter fiscal 2015 earnings conference call. Margaret Hayne - President, Free People Brand and Chief Creative Officer, URBNĭavid Hayne - Chief Operating Officer, Free People BrandĪdrienne Tennant - Janney Capital Markets Tedford Marlow - Chief Executive Officer, Urban Outfitters Group Richard Hayne - Chairman, President and Chief Executive Officer Oona McCullough - Director, Investor Relationsįrancis Conforti - Chief Financial Officerĭavid McCreight - Chief Executive Officer, Anthropologie Group Urban Outfitters ( NASDAQ: URBN) Q2 2015 Results Earnings Conference Call Aug5:00 PM ET
0 kommentar(er)
