secwatch.observer — SEC 8-K summary
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Issuer:     Ulta Beauty, Inc. (ULTA)
CIK:        0001403568
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001558370-24-012541
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ulta Beauty Q2 EPS $5.30 miss; comparable sales -1.2%; lowers full-year guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403568/000155837024012541/0001558370-24-012541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403568/000155837024012541/ulta-20240829x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012541

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