Urban Outfitters Q2 10-Q Filed

TL;DR

**URBN Q2 10-Q: Financials & Fair Value Disclosures Released.**

AI Summary

Urban Outfitters Inc. (URBN) filed its 10-Q for the period ending July 31, 2024. The filing details financial performance and operational segments for the second quarter. Key financial instruments and fair value measurements are disclosed, including investments in U.S. Treasury Securities and Corporate Debt Securities.

Why It Matters

This filing provides investors with a detailed look at Urban Outfitters' financial health and operational performance for the recent quarter, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-07-31 — End of Reporting Period (The 10-Q covers financial data up to this date.)
• 2024-01-31 — Previous Fiscal Year End (Used for comparative fair value measurements.)
• 2023-07-31 — Prior Year Period End (Used for comparative fair value measurements.)

Key Players & Entities

• URBN (company) — Filer of the 10-Q
• Urban Outfitters Inc. (company) — Full company name
• 20240731 (date) — End of the reporting period
• 20240909 (date) — Filing date
• 5000 SOUTH BROAD STREET (address) — Company's business and mailing address
• PHILADELPHIA (location) — City of company's address
• PA (location) — State of company's address
• 19112 (zip_code) — Zip code of company's address
• 2154545500 (phone_number) — Company's business phone number
• 0000912615 (cik) — Central Index Key for Urban Outfitters Inc.

FAQ

Key Financial Figures

• $0.0001 — test practicable date. Common shares, $0.0001 par value— 92,260,283 shares outstandin

Filing Documents

• urbn-20240731.htm (10-Q) — 2428KB
• 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
• 0000950170-24-104783.txt ( ) — 9919KB
• urbn-20240731.xsd (EX-101.SCH) — 840KB
• urbn-20240731_htm.xml (XML) — 2539KB

Financial Statements (unaudited)

Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of July 31, 2024, January 31, 2024 and July 31, 2023 1 Condensed Consolidated Statements of Income for the three and six months ended July 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended July 31, 2024 and 2023 3 Condensed Consolidated Statements of Shareholders' Equity for the three and six months ended July 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the six months ended July 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 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 20 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and the Use of Proceeds 30 Item 5. Other Information 30 Item 6. Exhibits 31

Signatures

Signatures 32 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) July 31, January 31, July 31, 2024 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 209,129 $ 178,321 $ 224,744 Marketable securities 352,360 286,744 250,832 Accounts receivable, net of allowance for doubtful accounts of $ 1,429 , $ 1,465 and $ 1,481 , respectively 78,749 67,008 79,118 Inventory 604,667 550,242 586,514 Prepaid expenses and other current assets 228,966 200,188 224,254 Total current assets 1,473,871 1,282,503 1,365,462 Property and equipment, net 1,314,923 1,286,541 1,222,343 Operating lease right-of-use assets 941,404 920,396 961,458 Marketable securities 209,469 314,152 122,356 Other assets 319,156 307,617 298,317 Total Assets $ 4,258,823 $ 4,111,209 $ 3,969,936 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 299,351 $ 253,342 $ 270,464 Current portion of operating lease liabilities 227,987 226,645 227,669 Accrued expenses, accrued compensation and other current liabilities 483,080 514,218 459,343 Total current liabilities 1,010,418 994,205 957,476 Non-current portion of operating lease liabilities 875,174 851,853 882,841 Other non-current liabilities 131,798 152,611 162,228 Total Liabilities 2,017,390 1,998,669 2,002,545 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, 92,260,283 , 92,787,522 and 92,773,249 shares issued and outstanding, respectively 9 9 9 Additional paid-in-capital — 37,943 23,214 Retained earnings 2,279,856 2,113,735 1,982,970 Accumulated other comprehensive

View Full Filing

View this 10-Q filing on SEC EDGAR