Urban Outfitters Q1 2025 10-Q Filed

TL;DR

**URBN Q1 24 10-Q is IN! Check financials & operations.**

AI Summary

Urban Outfitters Inc. (URBN) filed its 10-Q for the period ending April 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial data and disclosures related to investments, credit facilities, and other operational aspects are provided.

Why It Matters

This filing provides investors with the latest financial snapshot of Urban Outfitters, Inc., crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently introduce new risks.

Key Numbers

• 2024-04-30 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 2024-01-31 — Previous Fiscal Year End (Provides a comparison point to the prior fiscal year end.)
• 2023-04-30 — Prior Year Q1 End Date (Used for year-over-year comparisons.)

Key Players & Entities

• URBN (company) — Filer
• 20240430 (date) — Period of Report
• 20240610 (date) — Filed as of Date
• 0000912615 (company) — Central Index Key
• 5000 SOUTH BROAD STREET (address) — Business Address
• PHILADELPHIA (location) — Business Address City
• PA (location) — Business Address State
• 19112 (zip_code) — Business Address Zip
• 2154545500 (phone_number) — Business Phone
• JpmorganChaseBankNA (company) — Lender in Credit Agreement

FAQ

Key Financial Figures

• $0.0001 — test practicable date. Common shares, $0.0001 par value— 93,399,211 shares outstandin

Filing Documents

• urbn-20240430.htm (10-Q) — 1905KB
• urbn-ex31_1.htm (EX-31.1) — 14KB
• urbn-ex31_2.htm (EX-31.2) — 14KB
• urbn-ex32_1.htm (EX-32.1) — 6KB
• urbn-ex32_2.htm (EX-32.2) — 6KB
• 0000950170-24-071322.txt ( ) — 8186KB
• urbn-20240430.xsd (EX-101.SCH) — 832KB
• urbn-20240430_htm.xml (XML) — 1950KB

Financial Statements (unaudited)

Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of April 30, 2024, January 31, 2024 and April 30, 2023 1 Condensed Consolidated Statements of Income for the three months ended April 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three months ended April 30, 2024 and 2023 3 Condensed Consolidated Statements of Shareholders' Equity for the three months ended April 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the three months ended April 30, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 26 Item 4.

Controls and Procedures

Controls and Procedures 27 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 5. Other Information 28 Item 6. Exhibits 29

Signatures

Signatures 30 PART I FINANCIAL I NFORMATION

Financi al Statements

Item 1. Financi al Statements URBAN OUTFITTERS, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (amounts in thousands, except share data) (unaudited) April 30, January 31, April 30, 2024 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 173,995 $ 178,321 $ 171,655 Marketable securities 312,558 286,744 209,777 Accounts receivable, net of allowance for doubtful accounts of $ 933 , $ 1,465 and $ 1,453 , respectively 88,297 67,008 105,589 Inventory 578,990 550,242 590,326 Prepaid expenses and other current assets 219,886 200,188 223,894 Total current assets 1,373,726 1,282,503 1,301,241 Property and equipment, net 1,304,548 1,286,541 1,201,506 Operating lease right-of-use assets 910,965 920,396 921,893 Marketable securities 287,178 314,152 86,156 Other assets 312,285 307,617 281,874 Total Assets $ 4,188,702 $ 4,111,209 $ 3,792,670 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 321,443 $ 253,342 $ 263,558 Current portion of operating lease liabilities 224,100 226,645 233,085 Accrued expenses, accrued compensation and other current liabilities 488,681 514,218 431,033 Total current liabilities 1,034,224 994,205 927,676 Non-current portion of operating lease liabilities 849,917 851,853 845,643 Other non-current liabilities 142,227 152,611 168,669 Total Liabilities 2,026,368 1,998,669 1,941,988 Commitments and contingencies (see Note 11) Shareholders' equity: Preferred shares; $ .0001 par value, 10,000,000 shares authorized, none issued — — — Common shares; $ .0001 par value, 200,000,000 shares authorized, 93,379,211 , 92,787,522 and 92,677,835 shares issued and outstanding, respectively 9 9 9 Additional paid-in-capital 31,572 37,943 15,133 Retained earnings 2,175,500 2,113,735 1,878,878 Accumulated other comprehe

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View this 10-Q filing on SEC EDGAR