Urban Outfitters expects $100M tariff refund; capex doubles to $475M on Nuuly center buy

Filed June 9, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 9, 2025 · ~1 min read

Key Changes

• high

  Company filed for ~$100M in tariff refunds after Supreme Court invalidated IEEPA tariffs; expects to realize refunds in FY2027 as reduction to cost of sales, providing material margin benefit.

  MD&A: Tariff Refunds verify on EDGAR →
• high

  Capital expenditure guidance nearly doubled to $475M (vs. $240M prior year), driven by March 2026 purchase of Nuuly fulfillment center in Missouri previously under lease.

  MD&A: Capital Expenditures verify on EDGAR →
• high

  Subscription segment (Nuuly) grew to 11.3% of consolidated sales from 9.4% prior year, with 33% increase in active subscribers; retail segment share declined to 82.4% from 85.0%.

  MD&A: Segment Mix verify on EDGAR →