US’ Urban Outfitters’ net sales climb 7% to $2.55 bn in H1 FY24

Urban Outfitters reported record H1 FY24 net sales of $2.55 billion, a 7 per cent rise year-over-year.
Growth was driven by strong performances in retail, Nuuly, and wholesale segments.
Free People and Anthropologie saw significant gains, while Urban Outfitters’ sales declined.
Nuuly’s net sales rose 57.2 per cent.
Q2 FY24 net income was $117.5 million.