Ulta Beauty, Inc. (NASDAQ: ULTA)
Shares of Ulta Beauty closed the regular trading session at $274.37 on Tuesday after adding $14.37, or 5.53%. The gain came after investors in the company welcomed better-than-expected earnings in its fiscal second-quarter of 2018.
Market share gains and higher sales during the quarter, combined with solid salon operations and e-commerce sales that played a key role in its success.
Ulta Beauty’s intelligent management decisions and growing market share make it one of the sturdiest retailers on the market with a high possibility of turning positive. ULTA stock has jumped 6.4% since the company revealed strong quarterly results on August 30, 2018.
ULTA Earnings & Outlook
The company reported second-quarter net income of $148.3 million, or $2.46 per share, up from $1.83 a share a year ago. Total revenue jumped to $1.488 billion, from $1.29 billion in the second-quarter of the previous year.
Thompson Reuters, based on analyst predictions, was for earnings of $2.41 per share and $1.49 billion revenue.
Looking ahead, Ulta Beauty hopes to come out with third-quarter earnings guidance in the range of $2.11 to $2.16 per share and sales of between $1.55 billion and $1.563 billion. Analysts are for earnings of $2.31 per share on $1.545 billion revenue.
For the full year, the company sees sales growth in the low teen range, same-store sales increase of 6% to 8%, and e-commerce jump of 40%.
Ulta Beauty CEO Comments
“The Ulta Beauty team delivered a strong performance in the second quarter, reflecting rapid growth in prestige boutique brands, mass cosmetics, skin care and fragrance, offset by continued moderation in the growth rates of a few of our large color cosmetics brands. Our flexible business model continues to support healthy retail comps, excellent new store productivity, and high growth for Ulta.com, resulting in significant market share gains across categories,” commented Ulta Beauty Chief Executive Officer Mary Dillon.
Ulta Beauty, Inc Company Profile
Ulta Beauty, Inc. is a beauty retailer that offers cosmetics, fragrance, skin, hair care products and salon services. The company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label. It also offers a full-service salon in every store featuring hair, skin and brow services.
The company operates approximately 970 retail stores across over 48 states and the District of Columbia and also distributes its products through its Website, which includes a collection of tips, tutorials and social content.
It also offers makeup products, such as foundation, face powder, concealer, color correcting, face primer, blush, bronzer, contouring, highlighter, setting spray,
In addition, it offers makeup removers, eyeshadow palettes, mascara, eyeliner, nail polish, cleansers, moisturizers, serums, suncare products, shampoos, conditioners, hair styling products, hair styling tools and perfumes.
The company also offers makeup brushes and tools, and makeup bags and cases. Ulta Beauty was founded in January 9, 1990 and its headquarters are located in Bolingbrook, Illinois. –Reuters
