[ad_1]
By Senad Karaahmetovic
Ulta Magnificence (NASDAQ:) delivered one other robust earnings report back to see its shares commerce modestly increased in pre-open Friday.
Ulta posted of $5.34 on income of $2.3 billion to beat the analyst consensus for earnings of $4.09 on gross sales of $2.2B. Comparable gross sales rose 14.6%, pushed by a ten.7% rise in transactions and a 3.5% enhance within the common ticket.
“Our third quarter outcomes replicate the sustained resilience of the wonder class and the robust emotional connection and loyalty we now have cultivated with our friends. I’m assured our enterprise mannequin, which presents unmatched breadth, worth, and comfort, is much more related at present and unlocks alternatives to additional delight friends as we proceed to guide the wonder class,” said Dave Kimbell, Ulta Magnificence’s chief government officer.
On the again of robust earnings for the third quarter, Ulta raised its full-year steerage for EPS to a variety of $22.60 – $22.90, crushing the analyst consensus of $21.40. Income is seen within the vary of $9.95B – $10B, topping the consensus of $9.77B. Ulta additionally raised its full-year forecast for comparable gross sales, which at the moment are seen rising 12.6% – 13.2% from the prior 9.5% – 10.5%.
Piper Sandler analysts hiked the value goal to $570 from the prior $525 per share to replicate a “clear beat/increase” quarter.
“The beat and lift story is ongoing at ULTA, and the corporate is proving itself as not solely one of many extra resilient names in magnificence, however a reputation with robust momentum that is more likely to persist… With all classes rising double digits and loyalty members reaching a report 39M, ULTA is proving its capability to drive engagement and seize share regardless of a more durable macro backdrop, and we proceed to view it as a reputation to personal in magnificence,” they stated stated in a notice.
Deutsche Financial institution analysts raised the value goal to $607 from $589 per share.
“The underside line is the inventory stays nicely positioned to outperform pushed by a continued upward estimate revision cycle. Purchase,” the analysts urged purchasers.
Hey there, lottery aficionado! So, you've got your hands on a lottery gift code and…
Introduction Tampa, a vibrant city on Florida's Gulf Coast, boasts a thriving commercial real estate…
Water shower heads with handhelds provide a spa-like experience at an economical price point. Installation,…
Introduction · Definition of Zirconium Disulfide Zirconium disulfide (ZrS2) is an inorganic compound known for…
Setting up fans is a mechanical program designed to move air by buildings. It is…
The world of cryptocurrency is continuously evolving, introducing innovative concepts and digital assets that captivate…