Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Urban Outfitters Sees Q4 Increase

Popular retailer Urban Outfitters (NASDAQ: URBN) reported their fourth quarter earnings, according to Forbes, and saw some much anticipated sales increases. From last year, sales increased 12 percent with a $1.01 billion Q4 sales total.

“We are pleased to report our first billion dollar quarter, fueled by positive retail segment comps at all of our brands, ” Urban Outfitters CEO Richard Hayne said in a statement according to Forbes. “It is encouraging to see this sales trend continue into the first quarter.”

Urban Outfitters increased 3 percent Monday, according to Forbes, equaling a gain of 60 cents per share. This is three cents more than analyst projections.