Urban Outfitters(URBN)
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Urban Outfitters(URBN) - 2022 Q2 - Quarterly Report
2021-09-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended July 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-22754 Urban Outfitters, Inc. (Exact Name of Registrant as Specified in Its Charter) Pennsylvania 23-2003332 (State or Other Jurisdiction of Incor ...
Urban Outfitters(URBN) - 2021 Q2 - Earnings Call Presentation
2021-08-27 20:04
Financial Performance - URBN sales for the second quarter declined by 17% to $803 million[5, 11] - Gross profit dollars decreased by 25% to $238 million, with gross profit rate declining 319 bps to 29.6%[6, 23, 37] - Operating income dollars decreased by 11% to $69 million, but operating income rate improved by 53 bps to 8.6%[8, 32, 37] - Net income for the quarter was $34 million, or $0.35 per diluted share[9, 38] - SG&A expenses decreased by 29% to $169 million, leveraging 372 bps to 21% of sales[7, 28, 29] Segment Performance - Retail segment sales declined 14% to $757 million[5, 11] - Wholesale segment sales declined 51% to $41 million[5, 11] - Anthropologie Group brand sales decreased by 25% to $295 million[13] - Free People brand sales decreased by 14% to $178 million, with Retail segment sales growing by 11%[15] - Urban Outfitters brand sales decreased by 9% to $324 million[20] Inventory and Balance Sheet - Inventory decreased by 20% to $352 million[40, 42] - Cash and marketable securities totaled $673 million[40] Other Key Points - Reduced inventory reserves by $22 million in the quarter[6, 23] - The company did not repurchase any shares during the quarter, with authorization remaining for approximately 26 million additional shares[50]
Urban Outfitters(URBN) - 2022 Q2 - Earnings Call Transcript
2021-08-25 03:57
Urban Outfitters, Inc. (NASDAQ:URBN) Q2 2022 Earnings Conference Call August 24, 2021 5:30 PM ET Company Participants Oona McCullough - Director, Investor Relations Richard Hayne - Chief Executive Officer Frank Conforti - Co-President and COO Sheila Harrington - CEO, Urban Outfitters Group and CEO, Free People Group Tricia Smith - Global Chief Executive Officer, Anthropologie Group Conference Call Participants Lorraine Hutchinson - Bank of America Kimberly Greenberger - Morgan Stanley Adrienne Yih - Barclay ...
Urban Outfitters(URBN) - 2022 Q1 - Quarterly Report
2021-06-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-22754 Urban Outfitters, Inc. (Exact Name of Registrant as Specified in Its Charter) Pennsylvania 23-2003332 (State or Other Jurisdiction of Inco ...
Urban Outfitters(URBN) - 2022 Q1 - Earnings Call Transcript
2021-05-26 03:06
Financial Data and Key Metrics Changes - URBN reported a total retail segment comparable sales increase of 51% year-over-year and 10% compared to the first quarter of fiscal 2020 [9][10] - The company achieved record Q1 earnings per share due to strong full-price selling and a decrease in markdown sales [11] - Total inventory was up 17%, while inventory in transit was a significant factor in the inventory management strategy [58][59] Business Line Data and Key Metrics Changes - Urban Outfitters brand saw a sequential improvement in store comps from double-digit negative in February to positive in April, with a 29% increase in full-price selling [12][13] - Anthropologie experienced a 1,200 basis point improvement in retail segment comps from the previous quarter, with a positive 1% comp in North America [15][18] - Free People achieved a remarkable 44% increase in retail segment comps year-over-year, with direct channel sales showing almost triple-digit growth [19][21] Market Data and Key Metrics Changes - In Europe, retail segment results were less positive due to COVID-related restrictions, but digital sales saw triple-digit comp gains [22][23] - May results in Europe showed strong double-digit positive comps, indicating a recovery in store performance [24] Company Strategy and Development Direction - The company plans to open approximately 54 new stores and close 18 stores this year, with a focus on enhancing distribution and fulfillment capacity [41][42] - URBN aims to maintain lower markdown rates and improve gross profit margins through disciplined inventory control and strong product performance [37][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q2 and FY 2022, citing strong consumer demand and a shift in the retail environment post-COVID [28][30] - The company noted challenges in sourcing, production, and logistics due to ongoing COVID impacts but has strategies in place to mitigate these pressures [33][34] Other Important Information - The wholesale segment sales decreased by 24% year-over-year, but Urban wholesale revenue exceeded $5 million, up 400% from last year [25][26] - Nuuly, the subscription rental business, is on track to meet its goal of 50,000 subscribers by the end of FY 2022 [27] Q&A Session Summary Question: Can you discuss the accelerating momentum in the business? - Management attributed the acceleration to strong product demand and consumer eagerness to refresh their wardrobes after lockdowns [52][54] Question: How are you balancing inventory with maintaining strong margins? - The company is aggressively chasing inventory while maintaining clean inventory balances and ordering products earlier to meet demand [58][60] Question: What is the quality of sales for Anthropologie? - Anthropologie is seeing significant improvement in apparel sales, particularly in casual categories, as customers return to social occasions [65][66] Question: How do you view the sustainability of lower markdown rates? - Management plans to remain disciplined with inventory management to sustain low markdown rates and full-price selling [123] Question: What is the outlook for consumer spending? - Management believes that consumer spending will remain strong through Q2, with gradual competition for consumer dollars expected to increase later in the year [140][141]
Urban Outfitters(URBN) - 2022 Q1 - Earnings Call Presentation
2021-05-25 22:53
Urban Outfitters, Inc. FY'22 Q1 RESULTS Introduction Urban Outfitters, Inc. "URBN" is providing fiscal 2022 first quarter commentary ahead of our earnings call scheduled for May 25th at 5:30pm. We remind you that any forward-looking statements made in this commentary are subject to our safeharbor statement found in our SEC filings. This commentary is comparing fiscal 2022 results to fiscal 2020. Due to the material impact of COVID-19 on our business operations in fiscal 2021, including mandated store closur ...
Urban Outfitters(URBN) - 2021 Q4 - Annual Report
2021-03-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 000-22754 URBAN OUTFITTERS, INC. (Exact Name of Registrant as Specified in Its Charter) Pennsylvania 23-2003332 (State or Other Jurisdictio ...
Urban Outfitters(URBN) - 2021 Q4 - Earnings Call Transcript
2021-03-03 03:45
Urban Outfitters, Inc. (NASDAQ:URBN) Q4 2021 Earnings Conference Call March 2, 2021 5:30 PM ET Company Participants Oona McCullough - Director, IR Francis Conforti - COO & Co-President Richard Hayne - Co-Founder, Chairman & CEO David Hayne - CTO Hillary Super - CEO, Anthropologie Group Sheila Harrington - CEO, Urban Outfitters Group & CEO, Free People Group Conference Call Participants Adrienne Yih - Barclays Bank Kimberly Greenberger - Morgan Stanley Paul Lejuez - Citigroup Matthew Boss - JPMorgan Chase & ...
Urban Outfitters(URBN) - 2021 Q3 - Quarterly Report
2020-12-10 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended October 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-22754 Urban Outfitters, Inc. (Exact Name of Registrant as Specified in Its Charter) Pennsylvania 23-2003332 (State or Other Jurisdiction of In ...
Urban Outfitters(URBN) - 2020 Q3 - Earnings Call Presentation
2020-11-24 18:36
Urban Outfitters, Inc. FY'20 Q3 RESULTS Introduction Urban Outfitters, Inc. "URBN" is providing fiscal 2020 third quarter commentary ahead of our earnings call scheduled for November 19th at 5:15pm. We remind you that any forward-looking statements made in this commentary are subject to our safe harbor statement found in our SEC filings. Our third quarter earnings release and related financial information are available on our website, www.urbn.com. 器 Table of Contents | --- | --- | |------------------------ ...