Urban Outfitters Q4 net sales drop by 6.9 percent

Urban Outfitters posted net income of 29 million dollars and 1 million dollars for the three months and year ended January 31, 2021, respectively. The company said, earnings per diluted share were 29 cents and 1 cent for the three months and year, respectively. For the fourth quarter, adjusted net income was 29 million dollars and adjusted earnings per diluted share were 30 cents. Total company net sales for the quarter decreased 6.9 percent to 1.09 billion dollars, while comparable retail segment net sales decreased 7 percent.