The young and trendy clothing company Urban Outfitters Inc. appears to be highly successful firm. The popularity of its clothing brands is reflected in the growth of their net sales. The company’s net sales grew from $1092107 million in 2006 to $ 1937815 million in 2010, a 77.4% growth. During this time period, its net income also underwent a significant growth of 68.1%, from $130796 million in 2006 to $219893 million in 2010.
In 2007, Urban Outfitters experienced a decline in their net income. Their net income reduced from $130796 million in 2006 to $116989 in 2007, a 10.5% decline.
Glen T. Senk, the company’s chief executive officer, had a total annual compensation of $29,944,180 in 2010. Chief financial officer John E. Kyees, had a total annual compensation of $713,536 in 2010.
Overall it would be safe to say that the company is becoming an increasingly successful business..
This is better , Mariale. but a couple of htings. When you write $130796 million, do you mean $130.7 million? Because the way you have it written tells teh reader to add six zeros (in millions), which woudl take it to be $130 billion, which I doubt is what you meant. Also, if you want to write out in millions you could write $130,796,000 or $130.7 million. Does that meake sense. So either add the commas and the extra zeros or shorten it. But make sure you know what numbers you actually mean! If you're feeling unsure when you read the financials, come and see me.
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