Hedgeye Retail: Urban Outfitters Deserves Credit for Accountability | $URBN

05/20/14 02:15PM EDT

Hedgeye Retail: Urban Outfitters Deserves Credit for Accountability | $URBN - 2

URBN 1Q15 Earnings

 

Hedgeye Retail: Urban Outfitters Deserves Credit for Accountability | $URBN - chart2 5 20

TAKEAWAY FROM HEDGEYE’S BRIAN MCGOUGH:

Definitely a disappointing quarter for Urban Outfitters, and as everybody knows, it's all about weakness in the URBN concept. One thing we give management all the credit in the world for is that it did not use weather as an excuse -- even though everyone else is. They noted that great companies perform regardless of the weather -- as Anthropologie and Free People did. They expect the same from Urban, which is dragging because of its own problems, not Mother Nature's.  That's the kind of accountability we like to see from companies we invest in.

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Editor's Note: This is a research excerpt from Hedgeye Retail sector head Brian McGough. Follow Brian on Twitter @HedgeyeRetail. 

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