$URBN (-1,5 %) Urban Outfitters reported earnings
Q3 FY2025 results ended October 31st 2024
- Revenue: $1.36B, +6.3% YoY
- Net income: $102.9M, +24% YoY
- EPS: $1.10, +25% YoY
- Gross profit: $497.3M, +9.4% YoY
CEO Richard Hayne: "We are pleased to announce record third quarter sales and earnings, both of which exceeded our expectations. These results were driven by outperformance across all three business segments – Retail, Subscription and Wholesale."
Revenue & Growth
- Anthropologie: $588M, +7% YoY
- Free People: $366M, +10% YoY
- Urban Outfitters: $301M, -7% YoY
- Nuuly: $97M, +48% YoY
- Total Retail segment: $1.18B, +3.2% YoY
Profits & Financials
- Gross margin: 36.5% vs 35.5% YoY
- Operating margin: 9.4% vs 8.5% YoY
- SG&A expenses: $369M, +6.7% YoY
- Cash and equivalents: $183M
- Marketable securities: $581M
Business Highlights
- Opened 36 new retail locations
- Closed 11 retail locations
- Total store count: 722 stores across brands
- Repurchased 1.2M shares for ~$52M
- Maintained strong inventory management with 10% YoY increase
Future Outlook
- Expects total comparable sales similar to Q3 results
- Optimistic about Holiday demand
- Continuing retail expansion strategy
- Focus on digital channel growth
- Investment in customer acquisition through marketing
