Urban Outfitters, Inc. · NASDAQ:URBN
Urban Outfitters — Q3 FY2019 Earnings Presentation
10 slides from Urban Outfitters's earnings presentation, November 2018
Slide 1: FY'19 Q3 Results
Urban Outfitters, Inc. F Y ’ 19 Q 3 RESULTS
Slide 2: Key Financial Highlights
Key Financial Highlights Three Months Ended Three Months Ended October 31, 2018 October 31, 2017 URBN Net Sales Change 9.0% 3.5% Gross Profit* 34.7% 33.4% Selling, General and Admin. Expenses* 24.8% 25.2% Income from Operations* 9.9% 8.2% Earnings Per Diluted Share $ 0.70 $ 0.41 *expressed as a perc
Slide 3: Key Sales Performance Indicators
Key Sales Performance Indicators (change vs. prior year comparable period) Three Months Ended Three Months Ended October 31, 2018 October 31, 2017 Retail Segment Comparable Net Sales Change: URBN 8% 1% Urban Outfitters 7% flat Anthropologie Group 8% 2% Free People 12% 4% URBN Metric Changes Store Ch
Slide 4: Income Statement Summary
Income Statement Summary (in millions, except per share data) Three Months Ended Three Months Ended (unaudited) October 31, 2018 October 31, 2017 Net Sales $ 973.5 $ 892.8 Cost of Sales 635.8 595.1 Gross Profit 337.7 297.7 Selling, General and Admin. Expenses 241.3 224.8 Income from Operations 96.4
Slide 5: Balance Sheet Summary
Balance Sheet Summary ($ in millions) (unaudited) October 31, 2018 October 31, 2017 Assets Cash and Cash Equivalents $ 329 $ 235 Marketable Securities 237 93 Accounts Receivable, Net 91 78 Inventory 452 450 Other Current Assets 140 111 Total Current Assets 1,249 967 Property and Equipment, Net 809 8
Slide 6: Inventory Data
Inventory Data ($ in millions) (unaudited) October 31, 2018 URBN Inventory $ 452 % Change from Prior Year 0.4% Retail Segment Comparable Inventory at Cost October 31, 2018 URBN flat Urban Outfitters 2% Anthropologie Group -3% Free People 5% URBN FY ’ 19 Q 3 RESULTS | 06
Slide 7: Global Retail Stores Summary
Global Retail Stores Summary Q1– Q3 FY’19 Projected Q4 FY’19 Projected Open as of Open as of Projected Projected Open as of January 31, 2018 Openings Closings October 31, 2018 Openings Closings January 31, 2019 Urban Outfitters NA 198 1 – 199 – 4 195 Urban Outfitters EU 47 3 1 49 1 – 50 Total Urban
Slide 8: Shares Outstanding
Shares Outstanding (share count in millions) Ending Shares Outstanding 160 150 140 130 120 1 10 100 Q 1 Q2 Q3 Q 4 Q 1 Q2 Q3 Q 4 Q1 Q 2 Q 3 Q 4 Q 1 Q2 Q3 Q 4 Q 1 Q2 Q3 Q 4 Q 1 Q2 Q3 FY’14 FY’15 FY’16 FY’17 FY’18 FY’19 URBN FY ’ 19 Q 3 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 Q 3 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