• Second quarter net income rose 24.5% to US$76.3m
  • Sales grew 12% to $759m
  • Comparable sales were up 9% 

US fashion retailer Urban Outfitters has recorded a "strong" second quarter thanks to new store openings and improved merchandise margins.

The retailer said net income rose 24.5% over the quarter ended 31 July to reach US$76.3m. Sales increased 12% to US$759m. Comparable sales grew 9%, with a rise of 38% at Free People, and gains of 9% at Anthropologie and 5% at Urban Outfitters.

"I am pleased with the strong results we delivered this quarter," said CEO Richard Hayne.

"They were driven by a favourable customer response to our product offerings, improved merchandise margins, the opening of additional stores, and better creative and marketing initiatives in our direct-to-consumer channel."

Over the half, net income grew 29.5% to US$124.4m while revenue increased 12.9% to US$1.4bn. During the six month period the company opened 17 new stores.