Urban Outfitters' Momentum Continues in 2Q, With Double-Digit Comp Growth Across All Brands
No-moat Urban Outfitters outpaced our expectations in the second quarter, with comparable retail sales up an impressive 13%, well above our 6% estimate, including double-digit growth in the digital channel, as the firm's investments in these capabilities continue to fuel top-line expansion. From a brand perspective, this outperformance was driven by substantial gains at Free People (21% of sales) and the namesake brand (38% of sales), which increased comparable retail sales 17% and 15%, respecti...Urban Outfitters is engaged in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. The company has two segments: Retail, which consists of its Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands and its Food and Beverage division; and Wholesale, which designs, develops and markets young women's contemporary casual apparel, intimates, FP Movement activewear and shoes under the Free People brand, home goods, including gifts, tabletop and textiles, under the Anthropologie brand and the BDG apparel collection under the Urban Outfitters brand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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