The American trading group Urban Outfitters Inc. has completed the fiscal year 2024/25 as expected with record resultors. This emerges from a message that the company published on Wednesday.
In the latest financial year, which ended on January 31, the group turnover was $ 5.55 billion ($ 5.30 billion). In this way, he rose by 7.7 percent compared to the previous year and reached a new maximum value in the company’s history.
In the anthropology segment, revenues grew by 8.7 percent to $ 2.43 billion, and the Free People brand increased by $ 1,46 billion by $ 12.4 percent. These increases were more than able to make up for the Urban Outfitters retail chain. Their revenues shrank by 7.7 percent to $ 1.25 billion.
The net profit of Urban Outfitters increases by almost 40 percent
In the Nuuly area, which comprises the fashion rental service and the group’s second-hand business, sales grew by $ 60.4 percent. The catering division Menus & Venues achieved an increase of 13.6 percent to $ 37.8 million.
The group also set new records in the result. Thanks to sales growth, a higher gross margin and lower one-time loads, operational profit rose by 28.1 percent to $ 473.8 million. The net result grew by 39.9 percent to $ 402.5 million (384.0 million euros).