• Q2 net profit up 8% to US$61.3m
  • Net sales up 11% to $676m
  • Comparable sales up 4%, but store comps down 1%

Fashion retailer Urban Outfitters recorded an 8% increase in net profit in the three months to 31 July, boosted by a strong increase in direct to consumer sales.

The US company said sales had risen by 11% in the second quarter, with total comparable sales up 4%, but comparable store sales edging down 1%.

Urban Outfitters’ Free People retail chain posted a comps increase of 12%, and Urban Outfitters was up 6%, but Anthropologie was flat.

Meanwhile, direct to consumer sales increased by 22% and wholesale revenues were up 17%.

Company CEO Richard Hayne said he was delighted with the results and added: “As we head into the second half of the year, we plan for gradual year-over-year improvement in our business, along with further tightening of our store inventories.”