Company Earnings Update 5 minutesRegister for Free AccessUlta (NASDAQ: ULTA) 2Q19 Results: Revenues Up but Below Consensus, Reduces Guidance due to Slowdown in US Cosmetics Coresight Research September 1, 2019 Executive Summary 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 Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 12: Burlington Stores To Open 140 US StoresUS Apparel and Footwear—Retail 2024 Sector Outlook: While Resilience Remains, E-Commerce Continues To Cede Share to Physical Stores3DLOOK, Clientricity and Trove Talk AI in Fashion Retail with Coresight ResearchKey Retail-Tech Themes at NRF 2023: Retail’s Big Show—Loss Prevention, Forecasting, Personalization and Associate Enablement