Urban Outfitters Inc. posted net income of $546.9 million for the second quarter, a 79% surge over $31.9 million in the prior year.
The direct marketer and retailer reported net sales of $454.2 million for the quarter ended July 31, an increase over net sales of $348.4 million last year.
The Philadelphia company posted direct marketing sales of $60.5 million for the quarter, an increase over sales of $42.5 million in the prior year.
For the quarter, Urban reported that gross profit margins increased by 373 basis points over the prior year. Management attributed this to
Network
