Ulta Beauty Inc. (ULTA)
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.
Factors to Watch Ahead of Ulta Beauty's (ULTA) Q1 Earnings
Ulta Beauty's (ULTA) first-quarter results are likely to reflect favorable trends in the beauty space and healthy traffic, while elevated SG&A costs and a lower gross margin are expected.
Ulta Beauty: Great Business, Greater Opportunity
Beauty is one of the most dependable industries, and Ulta Beauty, Inc. is not going anywhere. Any short-term pain is temporary and should not affect the long-term earnings power of the business. Ulta Beauty, Inc. is a classic value stock. This is a company with massive free cash flow, cash reserves, zero debt, $2B stock buyback in place, and has grown revenue by 18.4% over the past seventeen years.
Here's Why Ulta Beauty Is One of the Smartest Stocks to Buy on the Dip
Ulta Beauty's business is fine and the stock is cheap. The valuation could rebound in the near term or could stay cheap, allowing management to buy back more shares and boost value even more over the longer term.
Ulta Beauty (ULTA) Beats Stock Market Upswing: What Investors Need to Know
In the most recent trading session, Ulta Beauty (ULTA) closed at $381.78, indicating a +1.5% shift from the previous trading day.
