When I last looked at the numbers coming out of hip retail chain Urban Outfitters (NASDAQ:URBN) back in November, I came away with a generally positive impression and only a few concerns about inventory levels -- levels I thought would eventually be judged based on holiday performance. Based on the fiscal Q4 (ended Jan. 31) figures released today, I had little reason to worry.

The Philadelphia-based company said Q4 net income came in at $18.4 million, more than double last year's figure. Full-year net income rose 76%.

Those figures were largely powered by massive revenue growth. The total top line improved 50% to $176.1 million as store expansion (the store count rose 23% to 113 worldwide), same-store sales (up 21% across all lines), the wholesale business (up 29%), and direct-to-consumer sales (up 110%) all contributed. Profit margins improved across the board, meanwhile, during the fiscal year.

The numbers continue to impress as you move down the press release. Inventory grew during the year, but not more quickly than did sales. Full-year operating cash flow came in well ahead of reported net income, and the more than $36 million in free cash flow was well ahead of last year's approximately $20 million. That's a solid figure despite a significant boost in capital expenditures during the 12-month period.

Urban Outfitters sells edgy fashions at its namesake chain as well as upscale women's clothing at Anthropologie and wholesale apparel through the Free People brand. It sits in several sweet spots by addressing not only the hip youth segment that's driven growth at companies like Pacific Sunwear (NYSE:PSUN), but also the affluent women who shop at places like Chico's FAS (NYSE:CHS).

In short, a lot of different folks are finding things they like here -- and perhaps most of all investors, who have seen their company's shares crush the S&P 500 (not to mention Chico's and Pacific Sunwear) over the last 12 months.

Can Urban Outfitters keep up its hot streak? Talk it over on our Urban Outfitters discussion board.

Fool contributor Dave Marino-Nachison doesn't own any of the companies in this story. He can be reached via email.