secwatch.observer — SEC 8-K summary
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Issuer:     URBAN OUTFITTERS INC (URBN)
CIK:        0000912615
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0001564590-22-021230
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Outfitters Q1 revenue record $1.05B (+13% YoY); EPS $0.33; gross margin down on inflation
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- Net income $32M, diluted EPS $0.33; record revenue $1.05B up 13.4% YoY.
- Retail comparable sales +11% (Anthropologie +18%, Free People +15%, Urban Outfitters +1%).
- Gross profit rate down 169 bps due to higher inbound transportation and raw materials costs.
- Inventory up 31.9% YoY; Retail segment comparable inventory +35% from cost inflation, longer lead times, and Urban Outfitters brand underperformance.
- SG&A up 22%, deleveraged 184 bps; repurchased 2.4M shares for $62M in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912615/000156459022021230/0001564590-22-021230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912615/000156459022021230/urbn-8k_20220524.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-021230

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