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Beauty retailer Ulta Beauty, Inc. ULTA will report first-quarter financial results after market close Thursday, May 30, 2024. Here are the earnings estimates, what analysts are saying and key items to watch.
Earnings Estimates: Analysts expect Ulta to report first-quarter revenue of $2.72 billion, according to data from Benzinga Pro. The company reported revenue of $3.
23 billion in last year's first quarter. Ulta has beaten analysts' revenue estimates in 10 straight quarters. Analysts expect the company to report first-quarter earnings per share of $6.
23 compared to $6.88 in last year's first quarter. The company has beaten analysts' earnings per share estimates in 10 straight quarters.
The company is guiding for fiscal 2024 revenue to be in a range of $11.7 billion to $11.8 billion and earnings per share to be in a range of $26.
20 to $27.00. "While we are mindful the near-term macro environment remains dynamic, we are optimistic about the resiliency of the beauty category, energized by the growth opportunities ahead of us, and confident in our ability to deliver for our guests and our shareholders," Ulta CEO David Kimbell said after Q4 results.
What Analysts Are Saying: Nielsen data could point to a flat quarter for Ulta Beauty, JPMorgan analyst Christopher Horvers said in a recent note. The data showed total beauty products in the food, drug and mass channels were up 1.2% for the four weeks ending May 18 and up 1.
7% for the four weeks prior to that. "T.