Factors to Watch Ahead of Ulta Beauty's (ULTA) Q1 Earnings

Ulta Beauty, Inc. (ULTA) is likely to register top-line growth when it reports first-quarter fiscal 2024 earnings on May 30. The Zacks Consensus Estimate for revenues is pegged at $2.72 billion, which suggests an increase of 3.2% from the prior-year quarter's reported figure. However, the bottom line is likely to decline year over year. The consensus mark for quarterly earnings has decreased by 1 cent in the past seven days to $6.23 per share. This indicates a decline of 9.5% from the year-ago quarter's rep ...