Urban Outfitters(URBN) - 2022 Q2 - Earnings Call Presentation

Financial Performance - URBN sales for the second quarter increased by 2% to a record $1.18 billion[5] - Gross profit dollars decreased by 14% to $375 million, and the gross profit rate decreased 595 bps to 31.7%[5] - Operating income dollars decreased by 48% to $86 million, with the operating income rate decreasing 708 bps to 7.3%[5] - Net income for the quarter was $59 million, or $0.64 per diluted share[5] Segment Performance - URBN Retail segment sales increased 1% to $1.10 billion, with comparable sales increasing 1%[7] - URBN Wholesale segment sales increased 1% to $59 million[7] - Nuuly segment sales increased by $19 million[7] Brand Performance - Anthropologie Group total sales increased 6% to $479 million[16] - Free People Group total sales increased 9% to $271 million[29] - Urban Outfitters brand sales decreased 10% to $396 million[36] Inventory - Total inventory increased 44% to $697 million[62] - Retail segment inventory increased by 42%[62] - Wholesale segment inventory increased by 64%[62] Capital Allocation - During the second quarter, the Company repurchased 2.3 million shares for $50 million at an average share price of $21.59[70]