Urban Outfitters Inc. shares were up 3.2% in Friday trading after the company reported sales and same-store sales growth for the fourth quarter. Urban Outfitters’ portfolio includes the namesake chain of stores, Free People and Anthropologie. Fourth-quarter sales rose 5.7% year-over-year to $1.09 billion from $1.03 billion. Same-store sales for the retail segment rose 4%, driven by double-digit growth in the direct-to-consumer channel, the company said. In the retail segment, Free People’s sales increased 8%, Anthropologie grew 5% and Urban Outfitters grew 2%. Urban Outfitters is scheduled to release fourth-quarter earnings on March 6. Urban Outfitters shares are up 24.2% for the last year while the S&P 500 index is up 10.1% for the period.
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