Ulta Beauty reported its fourth-quarter earnings, surpassing analysts' expectations with an earnings per share (EPS) of $8.08 against the estimated $7.52, and sales reaching $3.55 billion compared to the forecasted $3.53 billion. The company also projected its full-year 2024 EPS to be between $26.20 and $27.00, with revenue expectations of $11.7 billion to $11.8 billion, both forecasts exceeding analysts' predictions. Despite these positive results and a year-over-year revenue increase of 10.2% to $3.6 billion, and a gross profit increase of 10.6% YoY, Ulta Beauty's shares fell as its profit forecast fell short of expectations. The company noted a softer performance in prestige makeup but attributed it to share loss rather than a category weakness. Analysts remain optimistic about Ulta's growth prospects, highlighting the beauty sector's strength and Ulta's potential for expansion. The diluted EPS saw a 21% increase YoY, with comparable sales growth of 2.5%.
Not Pretty: Headwinds Abound For Hedgeye “Best Idea” Short $ULTA 💄 Despite a reported earnings beat, our Retail team’s “Best Idea” Short Ulta Beauty $ULTA is down over 4% today. In this clip from The Call @ Hedgeye, Retail analyst @HedgeyeRetailAP explains the beauty chain… https://t.co/xuQCTaiuXT
There are exciting growth opportunities for $ULTA in 2024 and beyond, according to Canaccord Genuity managing director Susan Anderson. https://t.co/o3TCve96B5
Ulta CEO Says Growth Will Slow. Stock Is Falling But Wall Street Is Still Optimistic. https://t.co/QSR7SwZqGy
$ULTA (-7.9% pre) Ulta Beauty (ULTA) Tops Q4 Earnings Estimates, Forms JV With Axo https://t.co/Ub22WXKKev
Jabil gives downbeat earnings outlook, sending its stock lower https://t.co/c405pZrJ3C
Interesting from $ULTA: softer in prestige, especially make-up. But points to share loss not category weakness, citing expansion in distribution points. Everyone wants in on the act & Sephora pushing harder & doing better than most. $LVMUY $EL $LRLCY $TGT $KSS $M https://t.co/cnZD363ZrE
$ULTA on beauty consumer: some moderation but still above historical trends. Consumer solid & category promotions rising but below historical averages. Beauty remains among strongest propositions across consumer land. $LVMUY $TGT $KSS $EL $ELF $LRLCY $PG https://t.co/I7X5ilLzBD
Hibbett’s stock falls 8% after earnings and guidance fall short of estimates https://t.co/R9089t4Xmv
"I'm not surprised with the results," Jane Hali & Associates sr. research analyst Jessica Ramirez says on $ULTA earnings. "I think they are good results, but obviously, the Street seems to think otherwise." https://t.co/wjRZ686jbO
Ulta Beauty Inc $ULTA Earnings: - Diluted EPS of $8.08 (+21% YoY) - Revenue of $3.6 billion (+10.2% YoY) - Gross Profit of $1.3 billion (+10.6% YoY) - Comparable Sales Growth of 2.5% “We closed out a strong 2023 with better-than-expected fourth quarter financial performance.… https://t.co/xN0aWxdhc4
Shares of Ulta Beauty fall as profit forecast comes up short https://t.co/sO4L9WKoDP
$ULTA | Ulta Beauty Q4 Earnings: - EPS $8.08 (Est. $7.53) - Sales $3.55B (Est. $3.53B) - Sees FY24 EPS $26.20-$27.00 (Est. $25.49) - Sees FY24 Revenue $11.7B-$11.8B (Est. $11.14B) https://t.co/Ozaw7AoO3b
$ULTA Ulta Beauty (ULTA) will report earnings. Analysts estimate $3.53B in revenue (+9.39% YoY) and $7.52 in earnings per share (+12.57% YoY).