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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%.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.