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URBAN OUTFITTERS INC - 10-Q - 20041210 - INCOME_STATEMENT
URBAN OUTFITTERS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(amounts in thousands, except share and per share data)
(Unaudited)
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Three Months Ended
October 31,
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Nine Months Ended
October 31,
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2004
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2003
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2004
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2003
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Net sales
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$
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216,353
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$
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142,331
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$
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576,127
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$
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372,238
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Cost of sales, including certain buying, distribution and occupancy costs
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124,895
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85,520
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337,757
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231,846
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Gross profit
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91,458
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56,811
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238,370
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140,392
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Selling, general and administrative expenses
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48,276
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33,333
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132,672
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90,753
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Income from operations
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43,182
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23,478
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105,698
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49,639
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Other income, net
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576
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198
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878
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692
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Income before income taxes
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43,758
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23,676
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106,576
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50,331
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Income tax expense
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17,722
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9,589
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43,163
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20,384
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Net income
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$
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26,036
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$
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14,087
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$
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63,413
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$
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29,947
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Net income per common share:
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Basic
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$
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0.32
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$
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0.18
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$
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0.79
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$
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0.38
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Diluted
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$
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0.31
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$
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0.17
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$
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0.76
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$
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0.37
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Weighted average common shares and common share equivalents outstanding:
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Basic
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81,047,615
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78,888,858
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80,563,086
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78,248,780
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Diluted
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84,076,256
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81,507,826
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83,407,996
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80,257,298
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