Ulta CEO: Consumer Spending Is Cooling Off. Here's What That Means for the Beauty Stock
Consumer spending on cosmetics is slowing down. It's also increasingly moving to online channels.
Ulta Beauty Lowers Guidance, but Is There a Buying Opportunity With the Stock Down Nearly 25% off Its Highs?
Ulta lowered guidance as growth began to slow after three very strong years. Makeup was its weakest category and it is looking to reaccelerate growth.
Ulta Beauty, Inc. (ULTA) The 44th Annual William Blair Growth Stock Conference (Transcript)
Ulta Beauty, Inc. (NASDAQ:ULTA ) The 44th Annual William Blair Growth Stock Conference Call June 4, 2024 9:40 AM ET Company Participants David Kimbell - Chief Executive Officer Paula Oyibo - Chief Financial Officer Conference Call Participants Dylan Carden - William Blair Dylan Carden Thank you, everyone, for being here. My name is Dylan Carden.
Ulta Beauty: A Must-Have Stock for Your Watchlist This Quarter
After reporting its first quarter 2024 earnings results, shares of Ulta Beauty Inc. NASDAQ: ULTA rallied by 12.7% as an initial reaction to the company's financials. What investors need to keep in mind for the following months is Ulta's resilient product line, which could be considered part of the consumer staples sector rather than the retail sector.
Ulta Beauty Is Nearly a $12 Billion Business. And 95% of This Comes From 1 Source.
Ulta Beauty gets most of its money from a single source -- a reliable one. The stock is cheap because investors fear that its business will lose market share.
Ulta Beauty (ULTA) Cuts FY24 View Despite Q1 Earnings Beat
Ulta Beauty's (ULTA) Q1 results reflect y/y comparable sales growth amid a dynamic operating landscape. Management lowers the earnings and sales view for FY24.
Ulta Stocks Falls After Lowering Outlook: What to Know
Ulta beat analysts' Q1 estimates but cut its full-year forecast. Here's what you need to know.
Ulta Is Facing More Competition in Upscale Makeup. It Might Get Ugly.
“Beauty, even in tough times, seems to be a category that stands the test of time,” says Canaccord Genuity Capital Markets analyst Susan Anderson. She rates Ulta stock at Buy.
Ulta Beauty, Inc. (ULTA) Q1 2024 Earnings Call Transcript
Ulta Beauty, Inc. (NASDAQ:ULTA ) Q1 2024 Earnings Conference Call May 30, 2024 4:30 PM ET Company Participants Kiley Rawlins - CFA, Vice President, Investor Relations Dave Kimbell - Chief Executive Officer Paula Oyibo - Chief Financial Officer Kecia Steelman - President and Chief Operating Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Simeon Gutman - Morgan Stanley Kate McShane - Goldman Sachs Chris Horvers - JPMorgan Mark Altschwager - Baird Oliver Chen - TD Cowen Michael Binetti - Evercore ISI Krisztina Katai - Deutsche Bank Operator Good afternoon and welcome to Ulta Beauty's Conference Call to discuss Results for the Ulta Beauty's First Quarter 2024 Earnings Results. At this time, all participants are in a listen-only mode.
Here's What Key Metrics Tell Us About Ulta (ULTA) Q1 Earnings
While the top- and bottom-line numbers for Ulta (ULTA) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ulta Beauty (ULTA) Surpasses Q1 Earnings and Revenue Estimates
Ulta Beauty (ULTA) came out with quarterly earnings of $6.47 per share, beating the Zacks Consensus Estimate of $6.19 per share. This compares to earnings of $6.88 per share a year ago.
Ulta Beauty lowers guidance after first-quarter sales slowdown
Ulta Beauty reported on Thursday fiscal first-quarter earnings that showed the effects of a slowdown its CEO had previously warned about. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over year, a stark slowdown from the same period a year earlier.
