Urban Outfitters, Inc. · NASDAQ:URBN
Urban Outfitters — Q4 FY2019 Earnings Presentation
11 slides from Urban Outfitters's earnings presentation, March 2019
Slide 1: Urban Outfitters, Inc. FY'19 Q4 Results
Urban Outfitters, Inc. F Y ’ 19 Q 4 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, 2019 January 31, 2018 URBN Net Sales Change 3.7% 5.7% Adjusted Gross Profit* (1) 33.3% 32.3% Adjusted Selling, General and Admin. Expenses* (1) 22.9% 22.7% Adjusted Income from Operations* (1) 10.4% 9.6% Adjusted Earnings Per
Slide 4: Income Statement Summary
Income Statement Summary (in millions) (unaudited) Three Months Ended January 31, 2019 Total As Reported Adjustments Adjusted Net Sales $ 1,128.9 $ — $ 1,128.9 Cost of Sales (a) 756.4 (3.5) 752.9 Gross Profit 372.5 3.5 376.0 Selling, General and Admin. Expenses 258.3 – 258.3 Income from Operations 1
Slide 5: Income Statement Summary
Income Statement Summary (in millions) (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 (b) 249.8 (2.1) 247.7 Income from Op
Slide 6: Key Sales Performance Indicators
Key Sales Performance Indicators (change vs. prior year comparable period) Three Months Ended Three Months Ended January 31, 2019 January 31, 2018 Retail Segment Comparable Net Sales Change: URBN 3% 4% Urban Outfitters 4% 2% Anthropologie Group 2% 5% Free People 4% 8% URBN Metric Changes Store Chann
Slide 7: Balance Sheet Summary
Balance Sheet Summary ($ in millions) (unaudited) January 31, 2019 January 31, 2018 Assets Cash and Cash Equivalents $ 358 $ 282 Marketable Securities 279 165 Accounts Receivable, Net 80 77 Inventory 371 351 Other Current Assets 115 104 Total Current Assets 1,203 979 Property and Equipment, Net 796
Slide 8: Inventory Data
Inventory Data ($ in millions) (unaudited) January 31, 2019 URBN Inventory $ 371 % Change from Prior Year 5.4% Retail Segment Comparable Inventory at Cost January 31, 2019 Cost URBN 3% Urban Outfitters flat Anthropologie Group 3% Free People 8% URBN FY ’ 19 Q 4 RESULTS | 07
Slide 9: Global Retail Stores Summary
Global Retail Stores Summary YTD FY’19 Projected FY’20 Projected Open as of Open as of Projected Projected Open as of January 31, 2018 Openings Closings January 31, 2019 Openings Closings January 31, 2020 Urban Outfitters NA 198 1 4 195 4 3 196 Urban Outfitters EU 47 4 1 50 5 – 55 Total Urban Outfit
Slide 10: 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 Q 4 FY’14 FY’15 FY’16 FY’17 FY’18 FY’19 URBN FY ’ 19 Q 4 RESULTS | 09
Slide 11: Capital Spending
Capital Spending ($ in millions) Net Capex % of Net Sales $ 250 Home Office $ 200 Fulfillment 4.1% $ 150 2.9% Technology 2.3% $ 100 Stores $ 50 FY’17 FY’18 FY’19 PROJECTED FY’20 URBN FY ’ 19 Q 4 RESULTS | 10