Ulta Beauty Inc is a prominent retailer specializing in cosmetics, skincare, haircare, and fragrance products. The company operates a chain of beauty stores that offer a diverse range of brands, catering to various consumer preferences and price points. In addition to selling products, Ulta Beauty provides beauty services, including haircuts, facials, and makeup applications, all within their retail locations. The brand emphasizes creating an inclusive and welcoming environment for beauty enthusiasts, focusing on education and customer experience to enhance clients' confidence and self-expression.
Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA)
jumped 5.2% in the afternoon session after the company's CEO and CFO presented at the Raymond James Consumer and TMT Conference, expressing confidence in the beauty category and Ulta's place within it. Shorter term, the holiday period will ultimately determine how the company performs this quarter, but management sounds confident coming out of Black Friday and Cyber Monday. They also spoke about how well new stores are performing, how loyal customers are, and how both established brands/products as well as new ones are driving traffic and sales.
Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA)
jumped 12.6% in the morning session after the company reported strong third-quarter earnings. Ulta blew past analysts' EBITDA and EPS estimates while revenue was slightly ahead. It is also encouraging that management slightly lifted sales guidance for the full year on the back of the solid results posted in the quarter, suggesting the momentum is expected to continue amid improved shopping trends observed by some of the retailers that have reported this earnings season. Similarly, full-year EPS guidance beat Wall Street's expectations, indicating a healthy balance of growth and profitability. Overall, we think this was a decent quarter, with some key metrics above expectations.
Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that Dave Kimbell, chief executive officer, and Paula Oyibo, chief financial officer, will participate in a Fireside Chat at Raymond James’ TMT and Consumer Conference on Wednesday, December 11, 2024 at 10:40 a.m. Eastern Time / 9:40 a.m. Central Time.
Ulta shares are moving higher on Friday after the company reported better-than-expected 2024 third-quarter earnings on Thursday after the market closed.
All good things come to an end. So it is with this latest run of all-time highs hit during the last week or so of trading: all major indexes closed out today’s session in the red.
Beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 1.7% year on year to $2.53 billion. The company expects the full year’s revenue to be around $11.15 billion, close to analysts’ estimates. Its GAAP profit of $5.14 per share was 13.6% above analysts’ consensus estimates.
Jim Cramer urged caution on Thursday, Dec. 5, 2024, despite strong earnings beats from major retailers, as Ulta Beauty Inc, Lululemon Athletica Inc, and DocuSign Inc all saw significant after-hours gains.
