Urban Outfitters, Inc. · NASDAQ:URBN
Urban Outfitters — Q4 FY2018 Earnings Presentation
12 slides from Urban Outfitters's earnings presentation, 2018
Slide 1: Urban Outfitters, Inc. FY'18 Q4 Results
Urban Outfitters, Inc. F Y ’ 18 Q4 RESULTS
Slide 2: Important Information Regarding Non-GAAP Financial Measures
Important Information Regarding Non-GAAP Financial Measures In addition to evaluating the financial condition and results of our operations in accordance with U.S. generally accepted accounting principles (“GAAP ”), from time to time our management evaluates and analyzes results and any impact on th
Slide 3: Key Financial Highlights
Key Financial Highlights Three Months Ended Three Months Ended January 31, 2018 January 31, 2017 URBN Net Sales Change 5.7% 1.7% Adjusted Gross Profit*ˆ 32.3% 33.5% Adjusted Selling, General and Admin. Expenses*ˆ 22.7% 23.3% Adjusted Income from Operations*ˆ 9.6% 10.2% Adjusted Earnings Per Diluted
Slide 4: Income Statement Summary
Income Statement Summary (in millions, except per share data) (unaudited) Three Months Ended January 31, 2018 Total As Reported Adjustments Adjusted Net Sales $ 1,089.1 $ — $ 1,089.1 Cost of Sales (a) 748.5 (11.4) 737.1 Gross Profit 340.6 11.4 352.0 Selling, General and Admin. Expenses (a) 249.8 (2.
Slide 5: Income Statement Summary
Income Statement Summary (in millions, except per share data) (unaudited) Three Months Ended January 31, 2017 Total As Reported Adjustments Adjusted Net Sales $ 1,030.2 $ — $ 1,030.2 Cost of Sales (a) 689.9 (4.3) 685.6 Gross Profit 340.3 4.3 344.6 Selling, General and Admin. Expenses 240.8 — 240.8 I
Slide 6: Key Sales Performance Indicators
Key Sales Performance Indicators (change vs. prior year comparable period) Three Months Ended Three Months Ended January 31, 2018 January 31, 2017 Retail Segment Comparable Net Sales Change: URBN 4% flat Urban Outfitters 2% 2% Anthropologie Group 5% -3% Free People 8% 1% URBN Metric Changes Store Ch
Slide 7: Balance Sheet Summary
Balance Sheet Summary ($ in millions) (unaudited) January 31, 2018 January 31, 2017 Assets Cash and Cash Equivalents $ 282 $ 248 Marketable Securities 165 111 Accounts Receivable, Net 77 55 Inventory 351 339 Other Current Assets 104 128 Total Current Assets 979 881 Property and Equipment, Net 814 86
Slide 8: Inventory Data
Inventory Data ($ in millions) (unaudited) January 31, 2018 URBN Inventory $ 351 % Change from Prior Year 3.8% Retail Segment Comparable Inventory January 31, 2018 Cost URBN 3% Urban Outfitters 6% Anthropologie Group 2% Free People 1% URBN FY ’ 18 Q4 RESULTS | 07
Slide 9: Global Retail Stores Summary
Global Retail Stores Summary YTD FY’18 Projected FY’19 Projected Open as of Open as of Projected Projected Open as of January 31, 2017 Openings Closings January 31, 2018 Openings Closings January 31, 2019 Urban Outfitters NA 199 1 2 198 1 4 195 Urban Outfitters EU 43 4 – 47 4 1 50 Total Urban Outfit
Slide 10: Shares Outstanding
Shares Outstanding (share count in millions) Ending Shares Outstanding 160 150 140 130 120 1 10 100 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2015 2016 2017 2018 URBN FY ’ 18 Q4 RESULTS | 09
Slide 11: Capital Spending
Capital Spending ($ in millions) Net Capex % of Net Sales Home Office $ 200 Fulfillment 4.1% $ 150 3.9% Technology 2.9% 2.3% $ 100 Stores $ 50 FY 2016 FY 2017 FY 2018 PROJECTED FY 2019 URBN FY ’ 18 Q4 RESULTS | 10
Slide 12: Global Store Count & Square Footage
Global Store Count & Square Footage (all data is as of the respective period ended) (Selling SF in thousands) UO AN FP URB N UO AN FP URB N FY15 Q1 Store Count 232 192 92 516 FY17 Q1 Store Count 239 218 117 574 Selling SF 2,064 1,440 134 3,638 Selling SF 2,151 1,610 213 3,974 Q2 Store Count 233 195