U.S. specialty beauty retailer Ulta Beauty (ULTA -4.48%) reported fiscal 2024 fourth-quarter results on Thursday, March 13, that topped analysts' consensus expectations. Q4 EPS of $8.46 beat expectations of $7.13 while revenue also exceeded projections, coming in at $3.49 billion, against an estimated $3.47 billion.
The beauty retailer posted a profit of $393.3 million for the 13-week period that ended Feb. 1, compared with $394.4 million a year earlier.
Ulta Beauty beat sales and profit expectations for the fourth quarter on Thursday, signaling a robust holiday season as shoppers flocked to its stores for products ranging from cosmetics to perfumes, sending shares up 7% in extended trading.
Beauty-products retailer Ulta Beauty's stock climbed after hours Thursday, after the company offered a full-year forecast that was shy of Wall Street's estimates but fourth-quarter results that came in above expectations.
Ulta beat Wall Street's quarterly expectations on the top and bottom lines, but issued weak guidance for the year ahead. The beauty company is the latest retailer to issue lackluster guidance as consumer confidence slides and tariff fears weigh on spending.
Caroline Woods notes positives in Ulta Beauty's (ULTA) earnings but says now is the time to double down on guidance. The latest downside action in Dick's Sporting Goods (DKS) and American Eagle Outfitters (AEO) are warnings signs for retail's woes.
Ulta Beauty, Inc. ULTA will release its fourth-quarter financial results after the closing bell on Thursday, March 13.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) are down 3.3% at $342.97 at last check, as investors brace for the company's fourth-quarter earnings report, set for release after the close on Thursday, March 13.
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ULTA's fourth-quarter earnings are likely to have been impacted by shifting consumer spending trends, rising costs and increased promotions.
Ulta (ULTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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