A flurry of news concerning
Ulta Beauty (ULTA) has recently emerged, particularly focused on the company's Q1 2024 earnings. Despite full-year guidance cuts, ULTA stock increased, primarily due to a Q1 earnings beat, delivering a
GAAP EPS of $6.47, exceeding by $0.19, although revenue of $2.7B fell short by $30M. The company has seen an
increase in sales However, ULTA altered the sales guidance for the year upon observing a decline in Q1 profits. Despite Q1 slowdown projections, the CEO ventures innovative measures to uplift sales, leading to an 11% boost in share price. Irrespective of a lowered FY24 outlook, the corporation continues to provide superior results, exceeding Q1 earnings and revenue estimates. There’s a fresh partnership clinical with DoorDash, offering the largest selection of beauty products for on-demand delivery. Interestingly, 8 analysts expect ULTA to regain strength during 2024’s second half. The current fresh high of ULTA suggests further upward movement is feasible.
Ulta Beauty ULTA News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Sun, 02 Jun 2024 10:54:38 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor -2
