May. 20 at 8:43 PM
$URBN
🚨🚨🚨
Total Company net sales up 11.4% year over year to
$1.48 billion
Record net income of
$115.7 million; diluted EPS of
$1.30
Retail comparable sales up 5.6%, led by FP Group and Urban Outfitters
Subscription segment net sales up 34.5% on 33.3% subscriber growth
Wholesale segment net sales up 24.8%, driven by FP Group wholesale
Repurchase of 4.6 million shares for approximately
$300 million in Q1
Gross profit rate decreased 16 basis points year over year to 36.6%
SG&A expenses up 11.7%, deleveraging 5 basis points versus prior year
Net income margin declined from 8.1% to 7.8% of net sales
Total inventory increased 9.5% year over year to
$726.9 million
Net cash provided by operating activities fell to
$15.5 million from
$33.0 million
