Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earning Updates 5 minutes

Ulta (NASDAQ: ULTA) 2Q19 Results: Revenues Up but Below Consensus, Reduces Guidance due to Slowdown in US Cosmetics

Coresight Research

Key Points

  • Ulta reported 2Q19 revenues of $1.67 billion, up 12.0% year over year but below the consensus estimate of $1.68 billion. The company’s earnings per share (EPS) were $2.76, up 12.2% from the year-ago period and below the consensus estimate of $2.80.
  • The company saw comparable store sales growth of 6.2% compared to an increase of 6.5% in the year-ago period, lower than the consensus estimate of 6.6%.
  • The company updated full fiscal year guidance to reflect industry-wide headwinds in cosmetics. The company lowered EPS guidance to $11.86-12.06 from $12.83-13.03, versus the consensus of $12.97. Ulta expects revenue growth of 9-12% versus prior guidance of up low double digits and compared to the consensus of 12.3%. Ulta reduced its comp guidance to 4-6% growth from 6-7%, compared to the consensus estimate of 6.7%.
  • Ulta plans to open approximately 80 new stores, remodel or relocate 20, and complete approximately 270 store refreshes. 

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

Do NOT follow this link or you will be banned from the site!