Urban Outfitters, Inc. · NASDAQ:URBN
Urban Outfitters — Q1 FY2019 Earnings Presentation
10 slides from Urban Outfitters's earnings presentation, May 2018
Slide 1: FY'19 Q1 Results
Urban Outfitters, Inc. F Y ’ 19 Q1 RESULTS
Slide 2: Key Financial Highlights
Key Financial Highlights Three Months Ended Three Months Ended April 30, 2018 April 30, 2017 URBN Net Sales Change 12.4% flat Gross Profit* 32.8% 31.5% Selling, General and Admin. Expenses* 26.5% 28.7% Income from Operations* 6.3% 2.8% Earnings Per Diluted Share $ 0.38 $ 0.10 *expressed as a percent
Slide 3: Key Sales Performance Indicators
Key Sales Performance Indicators (change vs. prior year comparable period) Three Months Ended Three Months Ended April 30, 2018 April 30, 2017 Retail Segment Comparable Net Sales Change: URBN 10% -3% Urban Outfitters 8% -3% Anthropologie Group 10% -4% Free People 15% 2% URBN Metric Changes Store Cha
Slide 4: Income Statement Summary
Income Statement Summary (in millions, except per share data) Three Months Ended Three Months Ended (unaudited) April 30, 2018 April 30, 2017 Net Sales $ 855.7 $ 761.2 Cost of Sales 575.0 521.4 Gross Profit 280.7 239.8 Selling, General and Admin. Expenses 226.8 218.8 Income from Operations 53.9 21.0
Slide 5: Balance Sheet Summary
Balance Sheet Summary ($ in millions) (unaudited) April 30, 2018 April 30, 2017 Assets Cash and Cash Equivalents $ 314 $ 252 Marketable Securities 166 119 Accounts Receivable, Net 89 84 Inventory 405 359 Other Current Assets 123 111 Total Current Assets 1,097 925 Property and Equipment, Net 820 851
Slide 6: Inventory Data
Inventory Data ($ in millions) (unaudited) April 30, 2018 URBN Inventory $ 405 % Change from Prior Year 12.6% Retail Segment Comparable Inventory at Cost April 30, 2018 URBN 8% Urban Outfitters 13% Anthropologie Group 6% Free People –1% URBN FY ’ 19 Q1 RESULTS | 06
Slide 7: Global Retail Stores Summary
Global Retail Stores Summary Q1 FY’19 Projected Q2–Q4 FY’19 Projected Open as of Open as of Projected Projected Open as of January 31, 2018 Openings Closings April 30, 2018 Openings Closings January 31, 2019 Urban Outfitters NA 198 – – 198 1 4 195 Urban Outfitters EU 47 2 1 48 2 – 50 Total Urban Out
Slide 8: 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 FY’14 FY’15 FY’16 FY’17 FY’18 FY’19 URBN FY ’ 19 Q1 RESULTS | 08
Slide 9: Capital Spending
Capital Spending ($ in millions) Net Capex % of Net Sales Home Office $ 200 Fulfillment 4.1% $ 150 3.9% Technology 2.3% $ 100 Stores $ 50 FY’16 FY’17 FY’18 PROJECTED FY’19 URBN FY ’ 19 Q1 RESULTS | 09
Slide 10: 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 F&B URB N FY’16 Q1 Store Count 238 208 106 552 FY’18 Q1 Store Count 242 225 130 12 609 Selling SF 2,150 1,533 166 3,849 Selling SF 2,174 1,720 271 n/a 4,165 Q2 Store