URBAN OUTFITTERS Reports Strong Earnings for Q2 of FY2024
September 6, 2023
☀️Earnings Overview
URBAN OUTFITTERS ($NASDAQ:URBN) reported its earnings results for the second quarter of FY2024 on July 31 2023, showing total revenue for the period to be USD 1272.2 million, a 7.5% year-on-year increase, and reported net income to have risen 75.0% to USD 104.1 million.
Share Price
The stock opened at $35.6 and closed at $35.1, up by 3.1% from the prior closing price of 34.1. This was due to a surge in demand for their apparel, accessories and furniture as well as better-than-expected efficiency in marketing and general operations. This growth was a result of increased investments in new technology and marketing initiatives which allowed URBAN OUTFITTERS to capitalize on online and mobile shopping trends.
Overall, URBAN OUTFITTERS enjoyed a strong quarter and the results show that their investments in technology and marketing initiatives have paid off. The company looks poised to continue reporting strong earnings in the coming quarters with the help of their expanding digital platform and innovative business strategies. 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
At GoodWhale, we take an in-depth look at the financial and business aspects of URBAN OUTFITTERS to provide an overall wellbeing analysis. After reviewing the company’s financial data, we give them a low risk rating. This means the company is financially stable with little risk of losses. Furthermore, after our analysis, we have detected one risk warning in the balance sheet. With GoodWhale, you can become a registered user to get access to our detailed report and learn more about the risk warning. 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 reported strong second quarter FY2024 financial results with total revenue of USD 1272.2 million, a 7.5% increase from the prior year, and reported net income of USD 104.1 million, a 75.0% year-on-year rise. Investors responded positively to the news, sending the stock price higher on the same day. All in all, Urban Outfitters looks to be in a strong financial position, as evidenced by its impressive revenue growth and healthy profit margin. Going forward, investors may be wise to keep an eye on Urban Outfitters’ performance and decide whether it is a good buy at this time.
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