Question-and-Answer Session
Operator
[Operator Instructions].
Your first question comes from the line of Jeff Klinefelter of Piper Jaffray. Please proceed.
Jeffrey Klinefelter - Piper Jaffray
Yes, congratulation everyone on another fantastic quarter.
Paul Marciano - Vice Chairman and Chief Executive Officer
Thank you, Jeff.
Jeffrey Klinefelter - Piper Jaffray
ItÕs hard to limit it to one. How about one and a half question. In terms of licensing, you are coming at a Q1, you had just a terrific first quarter, and then guided conservatively, and now you have come out with another fantastic quarter, in licensing. Can you give us a stance, for why or more conservative second half again, is it just sticking to your prior guidance, or is there something going out there? How do you get a better visibility, for how your licensing is coming in and in both international and U. S., that basis? And then other question would be more broadly and Paul, you want to take a shot at it, or Carlos as well. From a global consumer demand perspective, there is lot of concern right now, obviously on the U. S. consumer. You guys touched so many different markets and not just your product, which is tracking well but what are you hearing from some of these other markets, around the globe, Europe and Asia in terms of consumer demand at trend. Thank you.
Paul Marciano - Vice Chairman and Chief Executive Officer
This is to Paul. To answer your question about licensing. The outlook that you have right now for the third quarter, is basicallyÉ we are in a new fiscal year. We have changed calendar of shipping dates, so that isÉ we try to anticipate as much as we can. But also we at the same time, have an acceleration of store opening, have an acceleration on due stores opening, abroad stores opening and also very, very successful products, built up season-after-season by licensees. We donÕt conduit the business; we donÕt drive the business there. And we go with the flow, that have we expand. We try to be as much possible of visibility but we cannot anticipate what we donÕt know. So, we go with what the consumer goes, and the acceptance of the product. So, that I think answers your question about licensing is now so large and we are on every continent of the world and let's see that may be the acceptance of the product on new market is bigger than what we expected of brand new market for us and we did not expect to say wow. We know we are going to win here. We don't. So, we just goÉ in Europe we have some visibility now because we have been there for many years. But Asia is totally new for us and we grow by, I mean, month-by-month. But the consumer, the consumer around the world, I just came back last week. I visited three countries, Singapore and Indonesia and Japan. And frankly, we have seen very strong numbers everywhere including our distributors who are some of them public company who just reported last week and very, very strong numbers on comp against strong numbers of last year, especially in South East Asia. As you know the economy is very strong on that region, but they are very influenced about what's happening America as well. So, again, we have reading on a daily basis of that what's happened on each region. And we feel that we are well positioned to continue to grow.
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