Urban Outfitters Inc. said Thursday it fashioned a first-quarter profit of $53 million, a 72 percent increase.
The net income, equal to 31 cents a share, compared to $30.8 million, or 18 cents, a year earlier.
Performance was helped by greater store productivity, e-commerce and international expansion and new brands, the company said.
Sales for the three months ended May 6 totaled $480 million, an increase of 25 percent. On a comparable basis, measuring the same stores as a year earlier, sales were up 16 percent.
Philadelphia-based Urban Outfitters (NASDAQ:URBN) sells clothing and household accessories. It has 157 Urban Outfitters, 142 Anthropologie and 35 Free People locations.
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