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$URBN 2Q16 Call: Gross profit was up 5% vs. 2Q15 to $318MM. Gross profit rate declined by 71 BP to 36.7%. The decline in gross profit rate was primarily due to higher delivery and fulfillment center expenses. Total SG&A expenses increased by 8% to $214MM. Total SG&A as a percentage of sales deleveraged by 29 BP to 24.7%.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.