earnings
confidence high
sentiment negative
materiality 0.85
Ulta Beauty Q2 EPS $5.30 miss; comparable sales -1.2%; lowers full-year guidance
Ulta Beauty, Inc.
2024-Q2 EPS reported
$11.78
revenue$5,277,935,000
- Net sales $2.55B (+0.9% YoY); comp sales -1.2% (prior +8.0%), driven by 1.8% decrease in transactions.
- GAAP EPS $5.30 vs $6.02; operating margin 12.9% vs 15.5%.
- FY2024 net sales guidance cut to $11.0-11.2B (from $11.5-11.6B); comp sales now (2%)-0% (prior 2%-3%).
- FY2024 EPS guidance lowered to $22.60-23.50 from $25.20-26.00; operating margin 12.7-13.0% vs prior 13.7-14.0%.
- Repurchased $212.3M in shares during Q2; $1.6B remaining under $2B buyback program.