Urban Outfitters, Inc. (NASDAQ:URBN) Q1 2025 Earnings Call Transcript May 21, 2024 5:15 PM ET
Company Participants
Oona McCullough - Executive Director of IR
Richard Hayne - CEO
Frank Conforti - Co-President and COO
Melanie Marein-Efron - CFO
Shea Jensen - President, Urban Outfitters, North America
Tricia Smith - Global CEO, Anthropologie Group
Sheila Harrington - Global CEO, Urban Outfitters & Free People Groups
Dave Hayne - CTO, URBN and President, Nuuly
Conference Call Participants
Adrienne Yih - Barclays
Matthew Boss - JPMorgan
Mark Altschwager - Baird
Katie Delahunt - Morgan Stanley
Marni Shapiro - The Retail Tracker
Dana Telsey - Telsey Advisory Group
Ike Boruchow - Wells Fargo
Janet Kloppenburg - JJK Research
Jay Sole - UBS
Operator
Good day, ladies and gentlemen, and welcome to the Urban Outfitters, Inc. First Quarter Fiscal '25 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the call over to Oona McCullough, Executive Director of Investor Relations. You may begin.
Oona McCullough
Good afternoon, and welcome to the URBN first quarter fiscal 2025 conference call. Earlier this afternoon, the Company issued a press release outlining the financial and operating results for the three-month period ending April 30, 2024.
The following discussions may include forward-looking statements. Please note that actual results may differ materially from those statements. Additional information concerning factors that could cause actual results to differ materially from projected results is contained in the Company’s filings with the Securities and Exchange Commission.
On today’s call you will hear from, Richard Hayne, Chief Executive Officer of URBN; Frank Conforti, Co-President and COO, URBN; and Melanie Marein-Efron, Chief Financial Officer, URBN. Following that, we will be pleased to address your questions.
Please note, today we will be speaking to our financial results on an adjusted basis which does not include non-recurring adjustments for one-time store closure and impairment charges. The effect of these items is detailed in our press release as well as the investor presentation that is posted to our URBN investor relations website at www.urbn.com.
I will now turn the call over to Dick.
Richard Hayne
Thank you, Oona. Good afternoon, everyone, and thank you all for joining our call today.
In my introduction I’ll make some quick remarks regarding our results, give some updates on the Urban brand, and then discuss the mood of our customers. After that I will turn the call over to Frank and Mel for a more in-depth review of our results and our thoughts on the remainder of the year.