Urban Outfitters, Inc. · NASDAQ:URBN
Urban Outfitters — Q1 FY2018 Earnings Presentation
10 slides from Urban Outfitters's earnings presentation, May 2017
Slide 1: Urban Outfitters, Inc. FY'18 Q1 Results
Urban Outfitters, Inc. F Y ’ 18 Q1 RESULTS
Slide 2: Key Financial Highlights
Key Financial Highlights Three Months Ended Three Months Ended April 30, 2017 April 30, 2016 URBN Net Sales Change flat 3% Gross Profit* 31.5% 34.3% Selling, General and Admin. Expenses* 28.7% 27.7% Income from Operations* 2.8% 6.6% Earnings Per Diluted Share $ 0.10 $ 0.25 *expressed as a percent of
Slide 3: Key Sales Performance Indicators
Key Sales Performance Indicators (change vs. prior year comparable period) Three Months Ended Three Months Ended April 30, 2017 April 30, 2016 Retail Segment Comparable Net Sales Change: URBN -3.1% 0.9% Urban Outfitters -3.1% 2.4% Anthropologie Group -4.4% 0.1% Free People 1.5% -2.0% URBN Metric Cha
Slide 4: Income Statement Summary
Income Statement Summary (in millions, except per share data) Three Months Ended Three Months Ended (unaudited) April 30, 2017 April 30, 2016 Net Sales $ 761.2 $ 762.6 Cost of Sales 521.4 500.7 Gross Profit 239.8 261.9 Selling, General and Admin. Expenses 218.8 211.4 Income from Operations 21.0 50.5
Slide 5: Balance Sheet Summary
Balance Sheet Summary ($ in millions) (unaudited) April 30, 2017 April 30, 2016 Assets Cash and Cash Equivalents $ 252 $ 228 Marketable Securities 119 60 Accounts Receivable, Net 84 72 Inventory 359 360 Other Current Assets 111 90 Total Current Assets 925 810 Property and Equipment, Net 851 871 Mark
Slide 6: Inventory Data
Inventory Data ($ in millions) (unaudited) April 30, 2017 URBN Inventory $ 359 % Change from Prior Year flat Retail Segment Comparable Inventory April 30, 2017 Cost URBN -3% Urban Outfitters -3% Anthropologie Group 1% Free People -21% URBN FY ’ 18 Q1 RESULTS | 06
Slide 7: Global Retail Stores Summary
Global Retail Stores Summary Q1 FY’18 Projected Q2–Q4 FY’18 Projected Open as of Open as of Projected Projected Open as of January 31, 2017 Openings Closings April 30, 2017 Openings Closings January 31, 2018 Urban Outfitters NA 199 1 1 199 - 1 198 Urban Outfitters EU 43 - - 43 3 - 46 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 2013 2014 2015 2016 2017 2018 URBN FY ’ 18 Q1 RESULTS | 08
Slide 9: Capital Spending
Capital Spending ($ in millions) Net Capex % of Net Sales Home Office 6.9% $ 250 Fulfillment 4.1% $ 200 3.9% Technology $ 150 2.3% $ 100 Stores $ 50 FY 2015 FY 2016 FY 2017 PROJECTED FY 2018 URBN FY ’ 18 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 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