Urban Outfitters, Inc. · NASDAQ:URBN
Urban Outfitters — Q1 FY2027 Earnings Presentation
20 slides from Urban Outfitters's earnings presentation, May 2026
Slide 1: FY'27 Q1 Results
Urban Outfitters, Inc. F Y ’ 27 Q1 RESULTS
Slide 2: Introduction
Introduction Urban Outfitters, Inc. “URBN” is providing fiscal 2027 first quarter commentary ahead of our earnings call scheduled for May 20th at 5:00pm. We remind you that any forward-looking statements made in this commentary are subject to our safe harbor statement found in our SEC filings. Our f
Slide 3: Table of Contents
Table of Contents Key Financial Highlights. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Sales by Segment. . . . . . . . . . . . . . . . .
Slide 4: Key Financial Highlights
Key Financial Highlights Three Months Ended URBN sales for the first quarter increased by 11% to a record $1.48 billion. The increase in sales was due to an 8% increase in Retail segment sales, a 35% increase in Subscription April 30, 2026 April 30, 2025 segment sales and a 25% increase in Wholesale
Slide 5: Sales by Segment
Sales by Segment Three Months Ended Total Company or URBN sales for the first quarter increased ($ in millions) Variance (unaudited) by 11% to a record $1.48 billion. URBN Retail segment sales April 30, 2026 April 30, 2025 $ % increased by 8% to $1.22 billion, with Retail segment comparable sales in
Slide 6: Revenue Metrics
Revenue Metrics Three Months Ended Total Anthropologie sales increased by 3% to $589 million for ($ in millions) Variance (unaudited) the quarter. April 30, 2026 April 30, 2025 $ % Retail segment sales increased by 3%, with comparable sales Total Sales $ 589.1 $ 569.9 $ 19.2 3% increasing 2%. The in
Slide 7: Revenue Metrics
Revenue Metrics Three Months Ended Total FP Group sales increased by 17% to $412 million for ($ in millions) Variance (unaudited) the quarter. The increase was due to an increase in Retail April 30, 2026 April 30, 2025 $ % segment sales of 14% and a 26% increase in Wholesale segment sales. Total Fre
Slide 8: Revenue Metrics
Revenue Metrics Three Months Ended Total Urban Outfitters sales increased by 11% to $305 million ($ in millions) Variance (unaudited) for the quarter. April 30, 2026 April 30, 2025 $ % Retail segment sales increased by 12%, with comparable sales Total Sales $ 304.7 $ 273.5 $ 31.2 11% increasing 9%.
Slide 9: Revenue and Subscription Metrics
Revenue and Subscription Metrics Three Months Ended ($ in millions) Variance (unaudited) April 30, 2026 April 30, 2025 $ % Total Sales $ 167.3 $ 124.4 $ 42.9 35% Nuuly Subscribers Subscription segment sales for the first 500,000 quarter increased by 35% to $167 million primarily driven by a 33% incr
Slide 10: Gross Profit by Segment
Gross Profit by Segment Three Months Ended Gross profit dollars increased by 11% to $543 million for the quarter, while ($ in millions) Variance (unaudited) the gross profit rate decreased 16 bps to 36.6%. The decrease in gross April 30, 2026 April 30, 2025 $ % profit rate was due to a non-recurring
Slide 11: SG&A–Total Company
SG&A–Total Company Three Months Ended Selling general & administrative (‘ SG&A’) expenses increased ($ in millions) Variance (unaudited) by 12% to $403 million, while SG&A’expenses as a percentage April 30, 2026 April 30, 2025 $ % of net sales deleveraged by 5 bps to 27.2% which includes a discrete
Slide 12: Operating Income by Segment
Operating Income by Segment Three Months Ended Operating income dollars increased by 9% to $140 ($ in millions) Variance (unaudited) million while the operating income rate deleveraged by April 30, 2026 April 30, 2025 $ % 22 bps to 9.4%. The increase in operating income dollars was driven by the inc
Slide 13: Income Statement Summary
Income Statement Summary Three Months Ended The effective tax rate was 21% in ($ in millions) (share count in millions) both the first quarter of fiscal 2027 (unaudited) April 30, 2026 % of Net Sales April 30, 2025 % of Net Sales and the first quarter of fiscal 2026. Net Sales $ 1,481.3 100.0% $ 1,3
Slide 14: Balance Sheet Summary
Balance Sheet Summary ($ in millions) As of April 30, 2026, cash and (unaudited) April 30, 2026 April 30, 2025 marketable securities totaled $651 million with $0 drawn down on our Assets $350 million asset backed line of Cash and Cash Equivalents $ 301 $ 189 credit facility. Marketable Securities 11
Slide 15: Cash Flows Summary
Cash Flows Summary ($ in millions) Three Months Ended (unaudited) April 30, 2026 April 30, 2025 Cash Flows from Operating Activities Net Income $ 116 $ 108 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation & Amortization 36 30 Inventory (27) (37) Payables,
Slide 16: Inventory Data
Inventory Data ($ in millions) (unaudited) Cost Variance April 30, 2026 April 30, 2025 $ % URBN Total Inventory $ 726.9 $ 663.8 $ 63.1 9% Retail Segment Total Inventory $ 665.8 $ 602.0 $ 63.8 11% Retail Segment Comparable Inventory by Brand 551.5 501.4 50.1 10% Anthropologie 278.0 255.7 22.3 9% FP G
Slide 17: Capital Spending
Capital Spending ($ in millions) (unaudited) Net Capex % of Net Sales $ 500 $ 450 Home Office $ 400 $ 350 Fulfillment $ 300 4.2% $ 250 3.9% Technology $ 200 3.3% $ 150 Stores $ 100 $ 50 $ 0 FY’ 24 FY’ 25 FY’ 26 Projected FY’ 27 During the first quarter, capital expenditures were $193 million while d
Slide 18: Shares Outstanding
Shares Outstanding ($ in millions) (share count in millions) (unaudited) 130 120 110 100 90 80 FY ’22 FY ’23 FY ’24 FY ’25 FY ’26 FY ’27 Shares Repurchased Number of Shares 2.0 4.7 – 1.2 3.3 4.6 Total Cost $ 56 $ 112 – $ 52 $ 154 $300 During the first quarter, the Company repurchased 4.6 million sha
Slide 19: Global Retail Stores Summary
Global Retail Stores Summary Q1 FY’27 Q2–Q4 FY’27 Projected Open as of Open as of Projected Projected Open as of January 31, 2026 Openings Closings April 30, 2026 Openings Closings January 31, 2027 Anthropologie NA 234 2 – 236 8 3 241 Anthropologie EU 20 – – 20 3 2 21 Total Anthropologie 254 2 – 256
Slide 20: Global Store Count & Square Footage
Global Store Count & Square Footage (all data is as of the respective period ended) (Selling SF in thousands) AN FPG * UO M&V URBN ** FY‘26 Q1 Store Count 241 237 257 9 744 Selling SF 1,802 480 2,172 n/a 4,454 Q2 Store Count 243 247 257 9 756 Selling SF 1,805 499 2,172 n/a 4,476 Q3 Store Count 248 2