Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of youth-skewed-apparel retailer Urban Outfitters
So what: Last night's fourth-quarter report missed analyst targets on both the top and bottom lines as the company chased sales through aggressive clearance markdowns and still came up short.
Now what: CEO Glen Senk was happy to report record sales and operating profit, but investors still wanted more, and that operating benchmark was set by a very slim margin. Slimming profiles are more flattering on young bodies than financial statements, dude. Rivals such as Abercrombie & Fitch
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