Philadelphia-based apparel retailer Urban Outfitters Inc. said today that its first-quarter profit fell 28 percent as customers cut back on spending on its Anthropologie and Free People brands. Still, results beat analysts' estimates.

Philadelphia-based apparel retailer Urban Outfitters Inc. said today that its first-quarter profit fell 28 percent as customers cut back on spending on its Anthropologie and Free People brands. Still, results beat analysts' estimates.