Shares of Urban Outfitters (URBN) ended Tuesday's trading session up .75% after witnessing losses of up to 3% just after the opening. The retail apparel company, known for its brands like Urban Outfitters, Anthropologie, Free People and Terrain reported its fourth quarter results for its fiscal year of 2013, after the market close on Monday.
Fourth Quarter Results
Urban Outfitters generated fourth quarter revenues of $857 million, up 17% compared to the year before. Comparable retail sales rose 11%, driven by online direct-to-consumer channels, while comparable stores sales came in flat.
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