secwatch.observer — SEC 8-K summary
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Issuer:     URBAN OUTFITTERS INC (URBN)
CIK:        0000912615
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0000950170-23-065760
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

URBN Q3 EPS $0.88 (+120% YoY); record sales $1.28B; Free People +22.5%, Urban -14.2% comp
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- Net income $83.0M, diluted EPS $0.88 vs $0.40 prior year; record revenue $1.28B (+9.0%).
- Retail comp sales +5.6% driven by Free People (+22.5%) and Anthropologie (+13.2%); Urban Outfitters -14.2%.
- Gross profit rate +509 bps to 35.5%; inventory -3.0% YoY.
- Nuuly subscribers up 68% YoY; Nuuly segment net sales +$30.2M.
- Buyback program has $19.2M shares remaining; no repurchases during Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912615/000095017023065760/0000950170-23-065760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912615/000095017023065760/urbn-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-065760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer