STOCK TITAN

Record Q1 2026 results at Urban Outfitters (NASDAQ: URBN)

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Urban Outfitters, Inc. reported record first‑quarter results. For the three months ended April 30, 2026, net income reached $115.7 million, with diluted earnings per share of $1.30.

Total Company net sales rose 11.4% to a record $1.48 billion. Retail segment comparable sales grew 5.6%, led by FP Group up 9.8% and Urban Outfitters up 9.3%. Subscription net sales increased 34.5% on a 33.3% rise in average active subscribers, and Wholesale net sales grew 24.8%.

Gross profit dollars increased 10.9% to $542.6 million, while the gross profit rate slipped 16 basis points due to a prior‑year one‑time gain. SG&A expenses rose 11.7%, reflecting higher store payroll, marketing to support customer growth, and technology investments for AI initiatives. The effective tax rate improved to 20.7%.

The Company repurchased 4.6 million shares for approximately $300 million in the quarter, leaving 10.0 million shares available under its authorization. Cash from operating activities was $15.5 million, with significant capital expenditures of $193.2 million and continued expansion to 801 total URBN stores.

Positive

  • Record growth across the portfolio: Q1 net sales rose 11.4% to $1.48 billion and net income reached a record $115.7 million, with particularly strong gains in Subscription (+34.5%) and Wholesale (+24.8%) alongside solid Retail comparable sales growth.
  • Shareholder-friendly capital returns: The company repurchased and retired 4.6 million shares for approximately $300 million in the quarter, following $154 million of buybacks in the prior fiscal year, materially shrinking the share base.

Negative

  • Margin and cash flow pressure: Gross margin rate declined 16 basis points and SG&A expenses grew 11.7%, while operating cash flow was only $15.5 million against $193.2 million of capital expenditures and $300 million of share repurchases, contributing to lower cash balances.

Insights

Strong top-line growth, record earnings and aggressive buybacks highlight Q1.

Urban Outfitters delivered record Q1 net sales of $1.48 billion, up 11.4%, and net income of $115.7 million. Growth was broad-based: Subscription net sales climbed 34.5%, Wholesale rose 24.8%, and Retail comparable sales increased 5.6% across brands.

Profitability was solid but not expanding. Gross profit dollars increased 10.9% to $542.6 million, while the gross margin rate dipped 16 basis points, mainly because a $4.8 million prior-year gain did not recur. SG&A expenses grew 11.7%, slightly deleveraging as the company spent more on marketing, store payroll and AI-focused technology.

Capital allocation is notable: the company repurchased 4.6 million shares for about $300 million in the quarter, following $154 million of buybacks in the prior fiscal year, reducing diluted shares to 88.8 million. Operating cash flow was $15.5 million, with heavy capital expenditures of $193.2 million, reflecting continued investment in stores and infrastructure for future growth.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales $1,481.3M Three months ended April 30, 2026; up 11.4% vs prior year
Net income $115.7M Three months ended April 30, 2026; record level
Diluted EPS $1.30 per share Three months ended April 30, 2026
Subscription net sales growth 34.5% Three months ended April 30, 2026 vs prior year
Wholesale net sales growth 24.8% Three months ended April 30, 2026 vs prior year
Share repurchases $300M for 4.6M shares Three months ended April 30, 2026 under repurchase program
Operating cash flow $15.5M Net cash provided by operating activities, Q1 2026
Capital expenditures $193.2M Cash paid for property and equipment, Q1 2026
comparable Retail segment net sales financial
"with comparable Retail segment net sales increasing 5.6%"
basis points financial
"the gross profit rate decreased by 16 basis points compared to"
Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.
selling, general and administrative expenses financial
"selling, general and administrative expenses increased by $42.0 million"
Selling, general and administrative expenses are the costs a business incurs to operate daily, such as sales efforts, office management, and administrative tasks. These expenses are important to investors because they impact the company’s profitability; higher costs can reduce profits, while efficient management of these expenses can indicate better financial health.
effective tax rate financial
"The Company’s effective tax rate for the three months ended April 30, 2026, was 20.7%"
The effective tax rate is the percentage of a company's profits that it pays in taxes. It shows how much of its earnings go to taxes after all deductions and credits are considered. For investors, it indicates how much of the company's income is taken by taxes, impacting overall profitability and financial health.
share repurchase program financial
"authorized the repurchase of 20 million common shares under a share repurchase program"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
forward-looking statements regulatory
"Certain matters contained in this release may contain forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Revenue $1.48 billion +11.4% vs prior year
Net income $115.7 million
Diluted EPS $1.30

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did Urban Outfitters (URBN) perform in Q1 2026?

Urban Outfitters reported record Q1 2026 results with net income of $115.7 million and diluted EPS of $1.30. Total net sales rose 11.4% to $1.48 billion, driven by growth across Retail, Subscription, and Wholesale segments.

What drove Urban Outfitters (URBN) revenue growth in the quarter?

Revenue growth came from broad-based strength. Total net sales rose 11.4% to $1.48 billion. Retail comparable sales increased 5.6%, Subscription net sales grew 34.5% on higher subscribers, and Wholesale net sales increased 24.8%, especially at FP Group.

How profitable was Urban Outfitters (URBN) in Q1 2026?

Urban Outfitters generated Q1 net income of $115.7 million and diluted EPS of $1.30. Gross profit dollars increased 10.9% to $542.6 million, though the gross margin rate declined 16 basis points due to a non-recurring prior-year gain.

What were Urban Outfitters (URBN) share repurchases in Q1 2026?

During Q1 2026, Urban Outfitters repurchased and retired 4.6 million shares for approximately $300 million under its share repurchase program. As of April 30, 2026, 10.0 million common shares remained authorized for future repurchases.

How did Urban Outfitters (URBN) cash flow and investments look in Q1 2026?

Net cash provided by operating activities was $15.5 million in Q1 2026. The company invested heavily, with capital expenditures of $193.2 million, while also funding $300 million of share repurchases, reducing cash and cash equivalents to $301.4 million.

How are Urban Outfitters (URBN) different segments performing?

Retail segment net sales were $1.22 billion, Subscription segment net sales were $167.3 million, and Wholesale segment net sales were $93.2 million. Retail comparable sales rose 5.6%, with strong growth at FP Group and Urban Outfitters brands.
0000912615false00009126152026-05-202026-05-20

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 20, 2026

URBAN OUTFITTERS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

 

 

Pennsylvania

000-22754

23-2003332

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

 

5000 South Broad Street, Philadelphia, PA

19112

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (215) 454-5500

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Shares, par value $.0001 per share

 

URBN

 

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule l2b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 

 

 

Item 8.01.

Other Events

On May 20, 2026, Urban Outfitters, Inc. (the “Company”) issued an earnings release, which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The earnings release disclosed material non-public information regarding the Company’s earnings for the three months ended April 30, 2026.

Item 9.01.

Financial Statements and Exhibits

Exhibit No.

Description

 

 

99.1

Earnings Release dated May 20, 2026 – Operating results for the three months ended April 30, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

- 1 -

 


 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

URBAN OUTFITTERS, INC.

 

 

 

 

 

 

Date: May 21, 2026

 

By:

/s/ Melanie Marein-Efron

 

 

 

 

Melanie Marein-Efron

 

 

 

 

Chief Financial Officer

- 2 -

 


 

Exhibit 99.1

URBAN OUTFITTERS, INC.

First Quarter Results

Philadelphia, PA – May 20, 2026

For Immediate Release

Contact:

Oona McCullough

 

 

Executive Director of Investor Relations

 

 

(215) 454-4806

URBN Reports Record Q1 Sales and Income

PHILADELPHIA, PA, May 20, 2026 – Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced record net income of $115.7 million and earnings per diluted share of $1.30 for the three months ended April 30, 2026.

Total Company net sales for the three months ended April 30, 2026, increased 11.4% to a record $1.48 billion. Total Retail segment net sales increased 8.0%, with comparable Retail segment net sales increasing 5.6%. The increase in Retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and mid single-digit positive growth in retail store sales. Comparable Retail segment net sales increased 9.8% at FP Group, 9.3% at Urban Outfitters and 1.9% at Anthropologie. Subscription segment net sales increased 34.5% primarily driven by a 33.3% increase in average active subscribers in the current quarter versus the prior year quarter. Wholesale segment net sales increased 24.8% driven by a 26.2% increase in FP Group wholesale sales due to an increase in sales to specialty customers.

“We are pleased to report record first quarter sales and earnings driven by positive retail segment ‘comps’ at all brands and impressive double-digit growth in both our Wholesale and Subscription segments,” said Richard A. Hayne, Chief Executive Officer. “Our customers remain engaged and are responding to compelling fashion trends, giving us confidence in URBN's continued success,” finished Mr. Hayne.

Net sales by brand and segment for the three-month periods were as follows:

 

Three Months Ended

 

 

April 30,

 

 

2026

 

 

2025

 

Net sales by brand

 

 

 

 

 

Anthropologie

$

589,073

 

 

$

569,931

 

FP Group

 

411,719

 

 

 

353,112

 

Urban Outfitters

 

304,727

 

 

 

273,505

 

Nuuly

 

167,264

 

 

 

124,354

 

Menus & Venues

 

8,562

 

 

 

8,599

 

Total Company

$

1,481,345

 

 

$

1,329,501

 

 

 

 

 

 

 

Net sales by segment

 

 

 

 

 

Retail Segment

$

1,220,914

 

 

$

1,130,510

 

Subscription Segment

 

167,264

 

 

 

124,354

 

Wholesale Segment

 

93,167

 

 

 

74,637

 

Total Company

$

1,481,345

 

 

$

1,329,501

 

For the three months ended April 30, 2026, the gross profit rate decreased by 16 basis points compared to the three months ended April 30, 2025, and gross profit dollars increased 10.9% to $542.6 million from $489.1 million. The decrease in gross profit rate was due to a non-recurring gain of $4.8 million, or 36 basis points, recorded in the prior year quarter not repeated in the current year quarter. This was partially offset by a 20 basis point improvement in the underlying gross profit rate primarily due to improved Retail segment markdowns driven by lower markdowns at FP Group and Urban Outfitters, partially reduced by deleverage in initial merchandise costs due to tariffs. The increase in gross profit dollars was due to higher net sales.

 


 

As of April 30, 2026, total inventory increased by $63.1 million, or 9.5%, compared to total inventory as of April 30, 2025. Total Retail segment inventory increased 10.6% and Retail segment comparable inventory increased 10.0%. Wholesale segment inventory decreased 1.2%. The increase in Retail segment inventory was due to the increase in net sales as well as early receipts to reduce the potential risk of shipping delays due to the Middle East conflict.

For the three months ended April 30, 2026, selling, general and administrative expenses increased by $42.0 million, or 11.7%, compared to the three months ended April 30, 2025. Selling, general and administrative expenses deleveraged 5 basis points as a percentage of net sales compared to the three months ended April 30, 2025, which includes a discrete benefit of $6.9 million, or 47 basis points, in the current year quarter due to the reversal of a litigation accrual, offset by 52 basis points of deleverage primarily related to marketing expenses to support customer growth and increased sales in the Retail and Subscription segments, along with increased technology investments to support AI initiatives. The dollar growth in selling, general and administrative expenses was primarily due to increased store payroll expenses to support the growth in Retail segment store net sales, as well as increased marketing expenses to support customer growth and increased net sales in the Retail and Subscription segments.

The Company’s effective tax rate for the three months ended April 30, 2026, was 20.7%, compared to 21.4% in the three months ended April 30, 2025. The decrease in the effective tax rate for the three months ended April 30, 2026, was primarily attributable to the favorable impact of equity activity in the current year quarter.

Net income for the three months ended April 30, 2026, was a record $115.7 million and earnings per diluted share were $1.30.

On June 4, 2019, the Company’s Board of Directors authorized the repurchase of 20 million common shares under a share repurchase program. During the three months ended April 30, 2026, the Company repurchased and subsequently retired 4.6 million shares for approximately $300 million. During the year ended January 31, 2026, the Company repurchased and subsequently retired 3.3 million shares for approximately $154 million. As of April 30, 2026, 10.0 million common shares were remaining under the program.

Store data for the three months ended April 30, 2026, was as follows:

 

 

January 31,

 

 

 

 

 

 

 

 

April 30,

 

 

 

2026

 

 

Openings

 

 

Closings

 

 

2026

 

Anthropologie NA

 

 

234

 

 

 

2

 

 

 

 

 

 

236

 

Anthropologie EU

 

 

20

 

 

 

 

 

 

 

 

 

20

 

Total Anthropologie

 

 

254

 

 

 

2

 

 

 

 

 

 

256

 

Free People NA

 

 

167

 

 

 

3

 

 

 

1

 

 

 

169

 

FP Movement NA

 

 

88

 

 

 

6

 

 

 

 

 

 

94

 

Free People EU

 

 

13

 

 

 

 

 

 

 

 

 

13

 

Total FP Group

 

 

268

 

 

 

9

 

 

 

1

 

 

 

276

 

Urban Outfitters NA

 

 

177

 

 

 

 

 

 

1

 

 

 

176

 

Urban Outfitters EU

 

 

76

 

 

 

 

 

 

 

 

 

76

 

Total Urban Outfitters

 

 

253

 

 

 

 

 

 

1

 

 

 

252

 

Menus & Venues

 

 

9

 

 

 

 

 

 

1

 

 

 

8

 

Total Company-Owned Stores

 

 

784

 

 

 

11

 

 

 

3

 

 

 

792

 

Franchisee-Owned Stores(1)

 

 

9

 

 

 

 

 

 

 

 

 

9

 

Total URBN

 

 

793

 

 

 

11

 

 

 

3

 

 

 

801

 

(1)
Includes 7 Urban Outfitters franchisee-owned stores and 2 Anthropologie franchisee-owned stores.

Urban Outfitters, Inc. offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of Anthropologie stores in the United States, Canada and Europe, catalogs and websites; FP Group stores (including Free People and FP Movement stores) in the United States, Canada and Europe, catalogs and websites; Urban Outfitters stores in the United States, Canada and Europe and websites; Menus & Venues restaurants; and Urban Outfitters franchisee-owned stores and Anthropologie franchisee-owned stores in the Middle East. Free People, FP Movement and Urban Outfitters wholesale sell their products through department and specialty stores worldwide, digital businesses and the Company’s Retail segment. Nuuly is primarily a women's apparel subscription rental service which offers a wide selection of rental product from the Company's own brands, third-party brands and one-of-a-kind vintage pieces.

 


 

A conference call will be held today to discuss first quarter results and will be webcast at 5:00 pm. ET at: https://edge.media-server.com/mmc/p/ocrpxphv/.

As used in this document, unless otherwise defined, “Anthropologie” refers to the Company’s Anthropologie, Terrain and Maeve brands and “FP Group” refers to the Company’s Free People and FP Movement brands.

This news release is being made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Certain matters contained in this release may contain forward-looking statements. When used in this release, the words “project,” “believe,” “plan,” “will,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: overall economic and market conditions (including current levels of inflation) and worldwide political events and the resultant impact on consumer spending patterns and our pricing power, the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, currency fluctuations, economic conditions and legal or regulatory changes, the effects of war and geopolitical instability, including impacts of the conflicts in the Middle East and impacts of the war between Russia and Ukraine and from related sanctions imposed by the United States, European Union, United Kingdom and others, terrorism and civil unrest, natural disasters, severe or unseasonable weather conditions (including as a result of climate change) or public health crises, labor shortages and increases in labor costs, raw material costs and transportation costs, availability of suitable retail space for expansion, timing of store openings, risks associated with international expansion, seasonal fluctuations in gross sales, response to new concepts, our ability to integrate acquisitions, risks associated with digital sales, our ability to maintain and expand our digital sales channels, any material disruptions or security breaches with respect to our technology systems, our effective utilization of technological advancements, including in artificial intelligence, the departure of one or more key senior executives, import risks (including any shortage of transportation capacities or delays at ports), changes to U.S. and foreign trade policies (including the enactment of tariffs such as retaliatory tariffs), border adjustment taxes or increases in duties or quotas, the unexpected closing or disruption of, or any damage to, any of our distribution centers, our ability to protect our intellectual property rights, failure of our manufacturers and third-party vendors to comply with our social compliance program, risks related to environmental, social and governance activities, changes in our effective income tax rate, changes in accounting standards and subjective assumptions, regulatory changes and legal matters and other risks identified in our filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update forward-looking statements even if experience or future changes make it clear that actual results may differ materially from any projected results expressed or implied therein.

###

(Tables follow)

 


 

URBAN OUTFITTERS, INC.

Condensed Consolidated Statements of Income

(amounts in thousands, except share and per share data)

(unaudited)

 

 

Three Months Ended

 

 

April 30,

 

 

2026

 

 

2025

 

Net sales

$

1,481,345

 

 

$

1,329,501

 

Cost of sales

 

938,779

 

 

 

840,437

 

          Gross profit

 

542,566

 

 

 

489,064

 

Selling, general and administrative expenses

 

402,885

 

 

 

360,837

 

          Income from operations

 

139,681

 

 

 

128,227

 

Other income, net

 

6,185

 

 

 

9,646

 

         Income before income taxes

 

145,866

 

 

 

137,873

 

Income tax expense

 

30,161

 

 

 

29,526

 

          Net income

$

115,705

 

 

$

108,347

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

       Basic

$

1.32

 

 

$

1.18

 

       Diluted

$

1.30

 

 

$

1.16

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

       Basic

 

87,503,853

 

 

 

91,752,408

 

       Diluted

 

88,801,846

 

 

 

93,475,835

 

 

 

 

 

 

 

 

 

 

 

 

 

AS A PERCENTAGE OF NET SALES

 

 

 

 

 

Net sales

 

100.0

%

 

 

100.0

%

Cost of sales

 

63.4

%

 

 

63.2

%

         Gross profit

 

36.6

%

 

 

36.8

%

Selling, general and administrative expenses

 

27.2

%

 

 

27.2

%

          Income from operations

 

9.4

%

 

 

9.6

%

Other income, net

 

0.4

%

 

 

0.8

%

         Income before income taxes

 

9.8

%

 

 

10.4

%

Income tax expense

 

2.0

%

 

 

2.3

%

          Net income

 

7.8

%

 

 

8.1

%

 

 


 

URBAN OUTFITTERS, INC.

Condensed Consolidated Balance Sheets

(amounts in thousands, except share data)

(unaudited)

 

 

April 30,

 

 

January 31,

 

 

April 30,

 

 

2026

 

 

2026

 

 

2025

 

ASSETS

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

    Cash and cash equivalents

$

301,364

 

 

$

369,206

 

 

$

189,433

 

    Marketable securities

 

111,978

 

 

 

326,724

 

 

 

285,585

 

    Accounts receivable, net of allowance for doubtful accounts
         of $1,189, $1,209 and $1,964, respectively

 

115,903

 

 

 

95,668

 

 

 

93,248

 

    Inventory

 

726,858

 

 

 

700,945

 

 

 

663,803

 

    Prepaid expenses and other current assets

 

280,545

 

 

 

193,561

 

 

 

206,990

 

            Total current assets

 

1,536,648

 

 

 

1,686,104

 

 

 

1,439,059

 

Property and equipment, net

 

1,620,770

 

 

 

1,466,236

 

 

 

1,346,557

 

Operating lease right-of-use assets

 

1,037,062

 

 

 

1,051,109

 

 

 

973,831

 

Marketable securities

 

237,471

 

 

 

461,858

 

 

 

365,937

 

Other assets

 

332,817

 

 

 

342,306

 

 

 

331,692

 

           Total Assets

$

4,764,768

 

 

$

5,007,613

 

 

$

4,457,076

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

    Accounts payable

$

332,949

 

 

$

327,903

 

 

$

302,104

 

    Current portion of operating lease liabilities

 

225,005

 

 

 

225,478

 

 

 

231,361

 

    Accrued expenses, accrued compensation and other
         current liabilities

 

483,050

 

 

 

564,713

 

 

 

495,593

 

           Total current liabilities

 

1,041,004

 

 

 

1,118,094

 

 

 

1,029,058

 

Non-current portion of operating lease liabilities

 

979,600

 

 

 

1,000,088

 

 

 

909,168

 

Other non-current liabilities

 

133,554

 

 

 

74,144

 

 

 

87,043

 

           Total Liabilities

 

2,154,158

 

 

 

2,192,326

 

 

 

2,025,269

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity:

 

 

 

 

 

 

 

 

    Preferred shares; $.0001 par value, 10,000,000 shares
         authorized, none issued

 

 

 

 

 

 

 

 

    Common shares; $.0001 par value, 200,000,000 shares authorized,
         85,601,280, 89,698,222 and 89,614,734 shares issued and
         outstanding, respectively

9

 

 

9

 

 

9

 

    Additional paid-in-capital

 

 

 

 

19,912

 

 

 

 

    Retained earnings

 

2,637,046

 

 

 

2,817,448

 

 

 

2,460,876

 

    Accumulated other comprehensive loss

 

(26,445

)

 

 

(22,082

)

 

 

(29,078

)

           Total Shareholders’ Equity

 

2,610,610

 

 

 

2,815,287

 

 

 

2,431,807

 

           Total Liabilities and Shareholders’ Equity

$

4,764,768

 

 

$

5,007,613

 

 

$

4,457,076

 

 

 


 

URBAN OUTFITTERS, INC.

Condensed Consolidated Statements of Cash Flows

(amounts in thousands)

(unaudited)

 

 

 

Three Months Ended

 

 

 

April 30,

 

 

 

2026

 

 

2025

 

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

115,705

 

 

$

108,347

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

Depreciation and amortization

 

 

36,069

 

 

 

29,554

 

Non-cash lease expense

 

 

53,310

 

 

 

52,805

 

Provision for deferred income taxes

 

 

89,732

 

 

 

13,701

 

Share-based compensation expense

 

 

8,137

 

 

 

7,763

 

Amortization of tax credit investment

 

 

3,726

 

 

 

4,293

 

Loss on disposition of property and equipment, net

 

 

380

 

 

 

94

 

Changes in assets and liabilities:

 

 

 

 

 

 

Receivables

 

 

(20,364

)

 

 

(15,036

)

Inventory

 

 

(26,735

)

 

 

(37,386

)

Prepaid expenses and other assets

 

 

(105,296

)

 

 

(17,058

)

Payables, accrued expenses and other liabilities

 

 

(78,032

)

 

 

(54,114

)

Operating lease liabilities

 

 

(61,148

)

 

 

(59,931

)

Net cash provided by operating activities

 

 

15,484

 

 

 

33,032

 

Cash flows from investing activities:

 

 

 

 

 

 

Cash paid for property and equipment

 

 

(193,244

)

 

 

(46,158

)

Cash paid for marketable securities

 

 

(78,294

)

 

 

(117,878

)

Sales and maturities of marketable securities

 

 

514,251

 

 

 

203,416

 

Net cash provided by investing activities

 

 

242,713

 

 

 

39,380

 

Cash flows from financing activities:

 

 

 

 

 

 

Share repurchases related to share repurchase program

 

 

(299,996

)

 

 

(151,935

)

Share repurchases related to taxes for share-based awards

 

 

(21,513

)

 

 

(20,241

)

Tax credit investment liability payments

 

 

(3,859

)

 

 

(4,172

)

Net cash used in financing activities

 

 

(325,368

)

 

 

(176,348

)

Effect of exchange rate changes on cash and cash equivalents

 

 

(671

)

 

 

2,888

 

Decrease in cash and cash equivalents

 

 

(67,842

)

 

 

(101,048

)

Cash and cash equivalents at beginning of period

 

 

369,206

 

 

 

290,481

 

Cash and cash equivalents at end of period

 

$

301,364

 

 

$

189,433

 

 

 


Filing Exhibits & Attachments

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