secwatch.observer — SEC 8-K summary
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Issuer:     URBAN OUTFITTERS INC (URBN)
CIK:        0000912615
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0001564590-21-057980
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Outfitters Q3 FY2022: record sales $1.13B, EPS $0.89, comps +14% vs FY2020
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- Record Q3 net sales $1.13B (+14.6% vs Q3 FY2020); diluted EPS $0.89 (record); net income $89M.
- Comparable Retail segment net sales +14% driven by double-digit digital growth, partially offset by mid-single-digit negative store sales.
- All three brands achieved record low Q3 merchandise markdown rates; gross profit rate +202 bps vs FY2020.
- Strategic inventory buildup: total inventory +18% vs FY2020 to protect against supply chain disruptions.
- November comp sales to date accelerated from Q3 rate, per CEO Richard Hayne.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912615/000156459021057980/0001564590-21-057980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912615/000156459021057980/urbn-8k_20211122.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-057980

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