Mon, Sep 9, 8:33 PM (102 days ago)
Urban Outfitters, Inc. reported strong financial performance for the second quarter and first half of fiscal 2025, ending July 31, 2024. Net sales increased to $1.35 billion for the quarter, a 6.2% rise from $1.27 billion in the prior year, driven by growth in the Retail and Nuuly segments. Gross profit margin improved to 36.5%, up from 35.8%, despite higher markdowns at Urban Outfitters. Net income was $117.5 million, reflecting a 12.7% year-over-year increase. Operating expenses rose by 7.6%, attributed to increased marketing and payroll costs. Cash and cash equivalents increased to $209.1 million, with total assets reaching $4.26 billion. The company maintained a robust working capital position of $463.5 million. Urban Outfitters continues to face uncertainties including inflationary pressures and shifting consumer trends, but remains optimistic about future growth through new store openings and digital channel expansion. The share repurchase program remains active, with 1.2 million shares repurchased this quarter. Overall, the company demonstrates strong resilience and strategic growth potential amid market challenges.