Amid escalating competitive pressures, Ulta Beauty is facing a challenging retail environment that impacted its store performance in the second quarter, according to earnings results. Although the beauty sector remains strong, the rapid influx of new competitors has challenged Ulta's ability to sustain its market share, particularly in the prestige beauty category. During the company's second-quarter earnings call Thursday (Aug. 29), CEO Dave Kimbell discussed the situation after net sales increased by 0.9% ...

Key Takeaways Ulta Beauty posted weaker-than-anticipated results and reduced its guidance as consumers limited their spending and competition increased. The company reported a surprise drop in comparable-store sales as transactions declined. CEO David Kimbell said Ulta Beauty's market share continues to be challenged. Shares of Ulta Beauty (ULTA) slumped after the seller of beauty products reported worse-than-expected results and cut its outlook on a surprise drop in comparable store sales. Consumers limite ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Friday. Shares of Ulta Beauty, Inc. ULTA fell sharply in today's pre-market trading after the company reported weakerthan-expected results for its second quarter and cut its FY24 guidance. Ulta Beauty reported quarterly earnings of $5.30 per share, which missed the analyst consensus estimate of $5.55 by 4.5%. Quarterly sales came in at $2.552 billion, missing the consensus estimate by 2.52%. Ulta Beauty shares ...

Ulta Beauty, Inc. (NASDAQ:ULTA) Q2 2024 Earnings Conference Call August 29, 2024 4:30 PM ET Company Participants Kiley Rawlins - VP, IR Dave Kimbell - CEO Paula Oyibo - CFO Kecia Steelman - President & COO Conference Call Participants Steven Forbes - Guggenheim Securities Amy Teske - Baird Michael Lasser - UBS Rupesh Parikh - Oppenheimer Kelly Crago - Citi Korinne Wolfmeyer - Piper Sandler Juliana Duque - Wells Fargo Michael Baker - D.A. Davidson Ashley Helgans - Jefferies Olivia Tong - Raymond James Susan ...

For the quarter ended July 2024, Ulta Beauty (ULTA) reported revenue of $2.55 billion, up 0.9% over the same period last year. EPS came in at $5.30, compared to $6.02 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.61 billion, representing a surprise of -2.24%. The company delivered an EPS surprise of -2.75%, with the consensus EPS estimate being $5.45. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Ulta Beauty (ULTA) came out with quarterly earnings of $5.30 per share, missing the Zacks Consensus Estimate of $5.45 per share. This compares to earnings of $6.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.75%. A quarter ago, it was expected that this beauty products retailer would post earnings of $6.19 per share when it actually produced earnings of $6.47, delivering a surprise of 4.52%. Over the last four quarters ...

An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Ulta Beauty shares fell 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. It was the company's first earnings per share miss since May 2020 and first revenue miss since December 2020. Comparable sales for the second quarter fell 1.2%, compared with an 8% increase a year earlier and well below the 1.2% grow ...

Table of Contents 60440 (Zip code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 per share ULTA The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended August 3, 2024 or ☐ Transition Report Pursuant to Section 13 o ...

Exhibit 99.1 ULTA BEAUTY ANNOUNCES SECOND QUARTER FISCAL 2024 RESULTS Net Sales of $2.6 Billion Compared to $2.5 Billion in the Year-Ago Quarter Comparable Sales Decreased 1.2% Net Income of $252.6 Million or $5.30 Per Diluted Share Bolingbrook, IL – August 29, 2024 – Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period ("second quarter") and twentysix-week period ("first six months") ended August 3, 2024 compared to the same periods ended July 29, 2023. | --- | -- ...