On May 10, Urban Outfitters
- Revenue reached a record $314.5 million, primarily from opening new stores and driving additional sales from the direct and wholesale channels.
- Inventory levels rose 19.5%, mainly to help stock new stores opened during the year.
- A drop from 38.4% to 22.3% in the tax rate -- from a one-time federal tax incentive -- helped boost the bottom line.
- While Anthropologie and Free People increased same-store sales by 2% and 9%, respectively, Urban Outfitters dropped 5% because of cool weather.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$314.5 |
$270.0 |
16.5% |
|
Net Profit |
$29.4 |
$20.3 |
44.7% |
|
EPS |
$0.17 |
$0.12 |
41.7% |
|
Diluted Shares |
168.8 |
168.0 |
0.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
35.8% |
35.8% |
(0.0) |
|
Operating Margin |
11.5% |
11.7% |
(0.2) |
|
Net Margin |
9.3% |
7.5% |
1.8 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$164.7 |
$174.8 |
(5.8%) |
|
Accounts Rec. |
$22.0 |
$23.7 |
(7.0%) |
|
Inventory |
$168.1 |
$140.7 |
19.5% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$61.8 |
$57.5 |
7.5% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$29.5 |
$35.0 |
(15.7%) |
|
Capital Expenditures |
$29.4 |
$55.7 |
(47.1%) |
|
Free Cash Flow |
$0.1 |
($20.7) |
N/A |
Free cash flow is a Fool's best friend
Related Foolishness:
- Urban Outfitters' Holiday Mixer
- Urban Outfitters Looks Fashion Forward
- April's Cruel to Urban Outfitters
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
