Stock Story - Beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ: ULTA )reported results in line with analysts' expectations in Q1 CY2024, with revenue up 3.5% year on year to $2.73 billion.
On the other hand, the company's full-year revenue guidance of $11.55 billion at the midpoint came in 1.4% below analysts' estimates.
It made a GAAP profit of $6.47 per share, down from its profit of $6.88 per share in the same quarter last year.
Is now the time to buy Ulta? Find out by reading the original article on StockStory, it's free . Ulta (ULTA) Q1 CY2024 Highlights: Revenue $2.73 billion vs analyst estimates of $2.
73 billion (small miss) EPS: $6.47 vs analyst estimates of $6.28 (3% beat) The company dropped its revenue guidance for the full year from $11.
75 billion to $11.55 billion at the midpoint, a 1.7% decrease Gross Margin (GAAP): 39.
2%, down from 40% in the same quarter last year Free Cash Flow of $68.32 million, down 65% from the same quarter last year Locations: 1,395 at quarter end, up from 1,359 in the same quarter last year Same-Store Sales rose 1.6% year on year (9.
3% in the same quarter last year) Market Capitalization: $18.13 billion “The Ulta Beauty team delivered net sales growth of 3.5% and comparable sales growth of 1.
6% in a dynamic operating environment. I am proud of how our teams continued to execute our transformational agenda, adapt to a rapidly evolving marketplace, and thoughtfully manage expenses across the enterprise,” said Dave Kimb.