secwatch.observer — SEC 8-K summary
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Issuer:     URBAN OUTFITTERS INC (URBN)
CIK:        0000912615
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001564590-22-030023
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Outfitters Q2 EPS $0.64, revenue $1.18B; gross margin down 595bps
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- Net income $59M ($0.64 diluted EPS); revenue $1.18B (+2.2% YoY) record Q2 sales.
- Comparable retail sales +1%: Free People +8%, Anthropologie +7%, Urban Outfitters -9%.
- Gross profit rate fell 595bps due to higher markdowns and inbound transportation costs.
- Inventory up 44.4% YoY; $112M in share repurchases (4.7M shares) in H1 FY23.
- SG&A deleveraged 113bps; effective tax rate rose to 28.8% from 22.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912615/000156459022030023/0001564590-22-030023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912615/000156459022030023/urbn-8k_20220823.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-030023

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