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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%.
Planned to give Apple AirPods as a Christmas present to my beloved one. Looks like I need backup plans as $AAPL is delaying the release..!!
When you fall hard, I think you stay there for a long time.. I am looking at you $FTNT! After it released the earnings, the share price slipped and is staying around $30 for a long time.
$FOXA just entered into a preliminary deal with Sky plc under which it will acquire all shares, or should I say remaining shares for a total value of $23 billion. The sleeping fox catches no poultry, but this fox just caught something that’s a lot bigger than poultry.