Urban Outfitters Q2 profit up 8%; tops Street

Philadelphia -- Urban Outfitters Inc.’s profit for the second quarter rose 8% to $61.3 million from $56.7 million in the year-ago period, helped by strong sales as its namesake stores.

Total company net sales for the quarter, ended July 31, rose by 11% over the same quarter last year to $676 million. Same-store net sales, which include the direct-to-consumer channel, increased 4% for the quarter, while comparable store net sales decreased 1%.

During the six months ended July 31, 2012, the company opened a total of 28 stores including: 10 Free People stores, 10 Urban Outfitters stores, six Anthropologie stores, one BHLDN store and one Terrain garden center. It closed one Anthropologie store.

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