Urban Outfitters Q3 2024 Filing

TL;DR

URBN filed its Q3 2024 10-Q. Fiscal year ends Jan 31.

AI Summary

Urban Outfitters Inc. reported its third-quarter results for the period ending October 31, 2024. The company's fiscal year ends on January 31st. Key financial data and segment information are presented in this 10-Q filing.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Urban Outfitters, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

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

Key Players & Entities

• URBAN OUTFITTERS INC (company) — Filer
• 2024-10-31 (date) — Reporting Period End Date
• 20241210 (date) — Filing Date
• 0131 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $0.0001 — test practicable date. Common shares, $0.0001 par value— 92,277,114 shares outstandin

Filing Documents

• urbn-20241031.htm (10-Q) — 2676KB
• urbn-ex31_1.htm (EX-31.1) — 14KB
• urbn-ex31_2.htm (EX-31.2) — 14KB
• urbn-ex32_1.htm (EX-32.1) — 7KB
• urbn-ex32_2.htm (EX-32.2) — 7KB
• 0000950170-24-134967.txt ( ) — 10744KB
• urbn-20241031.xsd (EX-101.SCH) — 841KB
• urbn-20241031_htm.xml (XML) — 2823KB

Financial Statements (unaudited)

Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of October 31, 2024, January 31, 2024 and October 31, 2023 1 Condensed Consolidated Statements of Income for the three and nine months ended October 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended October 31, 2024 and 2023 3 Condensed Consolidated Statements of Shareholders' Equity for the three and nine months ended October 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the nine months ended October 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 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 30 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 5. Other Information 31 Item 6. Exhibits 32

Signatures

Signatures 33 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) October 31, January 31, October 31, 2024 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 182,516 $ 178,321 $ 206,237 Marketable securities 340,445 286,744 249,176 Accounts receivable, net of allowance for doubtful accounts of $ 1,423 , $ 1,465 and $ 1,271 , respectively 96,977 67,008 77,399 Inventory 793,324 550,242 721,011 Prepaid expenses and other current assets 224,070 200,188 235,227 Total current assets 1,637,332 1,282,503 1,489,050 Property and equipment, net 1,324,545 1,286,541 1,272,652 Operating lease right-of-use assets 947,150 920,396 933,864 Marketable securities 240,237 314,152 132,939 Other assets 336,519 307,617 281,151 Total Assets $ 4,485,783 $ 4,111,209 $ 4,109,656 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 363,187 $ 253,342 $ 319,115 Current portion of operating lease liabilities 228,443 226,645 223,781 Accrued expenses, accrued compensation and other current liabilities 533,915 514,218 506,028 Total current liabilities 1,125,545 994,205 1,048,924 Non-current portion of operating lease liabilities 879,362 851,853 857,791 Other non-current liabilities 127,953 152,611 156,383 Total Liabilities 2,132,860 1,998,669 2,063,098 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, 92,275,849 , 92,787,522 and 92,784,344 shares issued and outstanding, respectively 9 9 9 Additional paid-in-capital 7,529 37,943 30,734 Retained earnings 2,382,767 2,113,735 2,065,984 Accumulated other c

View Full Filing

View this 10-Q filing on SEC EDGAR