ULTA Jun 2024 415.000 call

Ulta Beauty earnings top estimates, cuts full-year outlook

Ulta Beauty (ULTA) reported first quarter adjusted earnings per share of $6.47, which topped expectations of $6.29. Net sales of $2.7 billion were about in line with expectations of $2.72 billion. Same-store sales rose 1.6% compared to the estimate of 1.43%. However, Ulta cut its full-year fiscal 2025 forecasts. It sees earnings per share in a range of $25.20 to $26.00, down from $26.20 to $27. Net sales are forecasted to be $11.5 billion to $11.6 billion. It had been $11.7 billion to $11.8 billion. For comparable sales, the retailer sees +2% to +3%. Previously it had been +4% to +5%. Yahoo Finance's Julie Hyman and Josh Lipton break down Ulta's results.  For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.