URBAN OUTFITTERS Reports Positive Earnings for Q2 of FY2024
August 26, 2023
☀️Earnings Overview
On July 31 2023, URBAN OUTFITTERS ($NASDAQ:URBN) reported financial results for the second quarter of FY2024, with total revenue of USD 1272.2 million – up 7.5% year-over-year – and net income of USD 104.1 million – up 75.0% year-over-year.
Stock Price
On Wednesday, Urban Outfitters reported positive earnings for the second quarter of FY2024, with their stock opening at $35.6 and closing at $35.1, up 3.1% from the previous closing price of $34.1. This marks a positive sign for investors, as it shows that Urban Outfitters is able to remain competitive in the retail industry. This success can be attributed to the company’s focus on providing high-quality and fashionable apparel for young adults, as well as their dedication to customer service. The company’s commitment to listening to customer feedback and being responsive to their needs has enabled them to build a strong customer base. Urban Outfitters is also investing heavily in technology and digital innovation to maintain its market lead.
These investments have enabled the company to improve its online shopping experience, as well as allowing customers to access its products through multiple channels. Furthermore, the company has also been successful in expanding its presence in international markets, making it a truly global brand. Overall, the positive earnings report from Urban Outfitters has given investors confidence in the company’s future prospects. As the company continues to focus on its core strengths, while also investing in technology and innovation, it is expected that its stock will continue to rise in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Urban Outfitters. More…
| Total Revenues | Net Income | Net Margin |
| 4.95k | 225.6 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Urban Outfitters. More…
| Operations | Investing | Financing |
| 385.64 | -245.74 | -9.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Urban Outfitters. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.97k | 2k | 21.21 |
Key Ratios Snapshot
Some of the financial key ratios for Urban Outfitters are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | -2.7% | 5.9% |
| FCF Margin | ROE | ROA |
| 4.3% | 9.6% | 4.6% |
Analysis
GoodWhale has conducted a detailed analysis of URBAN OUTFITTERS‘s fundamentals and found that its financial health is rated quite high at 9/10. This is due to the fact that URBAN OUTFITTERS is able to cover its debt obligations and fund future operations. After performing a Star Chart analysis, we have classified URBAN OUTFITTERS as a ‘rhino’ type of company that has achieved moderate revenue or earnings growth. This type of company is likely to be attractive to certain types of investors. Our analysis shows that URBAN OUTFITTERS has strong cash flows, medium asset utilization, medium profitability and weak dividend growth. For those investors interested in companies that are capable of delivering steady, moderate returns, URBAN OUTFITTERS could be a viable option. More…
Peers
The competition between Urban Outfitters Inc and its competitors, Mr Price Group Ltd, Burlington Stores Inc, and Tilly’s Inc, is fierce. These companies are all vying for the top spot in the apparel and home décor industry, offering a wide range of products to their customers. The competition between them is driving innovation and providing customers with more options than ever before.
– Mr Price Group Ltd ($BER:M5M1)
MR Price Group Ltd is a South African retail company that was founded in 1985, and is now one of the country’s largest retailers. The company operates a variety of retail stores, including Mr Price Apparel, Mr Price Home and Mr Price Sport, as well as offering online shopping. As of 2022, the company has a market cap of 2.26B, which makes it one of the largest retailers in South Africa. The company also has a strong Return on Equity (ROE) of 27.7%, which indicates that the company is in good financial health and has a strong ability to generate profits from its investments.
– Burlington Stores Inc ($NYSE:BURL)
Burlington Stores Inc is an American off-price retailer selling clothing, shoes, baby products, home goods, and accessories. As of 2022, the company has a market cap of 13.06 billion dollars, which indicates the total market value of the company’s outstanding shares. Furthermore, Burlington Stores Inc has an impressive Return on Equity (ROE) of 29.18%, which indicates that each dollar invested into the company generates 29 cents in profit. This high figure is a testament to the company’s highly efficient use of its shareholders’ capital.
– Tilly’s Inc ($NYSE:TLYS)
Tilly’s Inc is a specialty retailer of casual apparel, footwear, and accessories for young men, women, boys, and girls. It has a market capitalization of 264.41M as of 2022, which indicates that the company is worth more than its total assets and liabilities combined. Additionally, Tilly’s Inc has an attractive Return on Equity (ROE) of 10.76%, indicating that the company is effectively managing its shareholders’ equity to generate profits and returns for investors. This makes it an attractive investment opportunity for those looking to capitalize on the company’s growth potential.
Summary
Urban Outfitters, Inc. released its second-quarter financial results for fiscal year 2024. Total revenue increased to USD 1272.2 million, a 7.5% rise from the same period last year. Net income also saw a large increase of 75.0%, to USD 104.1 million. This impressive financial performance led to a significant stock price increase the same day.
Investors should consider Urban Outfitters as a potential investment opportunity due to its innovative product offerings, strong financial performance, and increasing customer loyalty. The company continues to demonstrate a competitive edge over other retailers, offering attractive investment potential with the potential for long-term growth and profitability.
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