ULTA Stock Recent News

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For the second straight quarter, Ulta lowered its full-year guidance. The company has been facing intensified competitive pressures.

Ulta Beauty, Inc.'s Q2 2024 results disappointed, with revenue and earnings below analyst expectations, leading to a 7% stock drop at one point during the day. Despite challenges, Ulta Beauty remains a strong, growing business with no debt, $414 million in cash, and an ongoing $2 billion share buyback program. The company's valuation is attractive, and management's confidence in share buybacks highlights the stock's perceived undervaluation, making it a compelling investment opportunity.

ULTA's Q2 results reflect lower earnings amid a dynamic operating environment. This suggests strained consumer spending.

Amid escalating competitive pressures, Ulta Beauty is facing a challenging retail environment that impacted its store performance in the second quarter, according to earnings results. Although the beauty sector remains strong, the rapid influx of new competitors has challenged Ulta's ability to sustain its market share, particularly in the prestige beauty category.

Shares of Ulta Beauty (ULTA) slumped after the seller of beauty products reported worse-than-expected results and cut its outlook on a surprise drop in comparable store sales.

Ulta Beauty Inc (NASDAQ:ULTA) shares moved lower after the cosmetics retailer lowered its full-year sales and profit guidance on the back of a disappointing quarter. Full-year sales are now expected to be in the range of $11 billion to $11.2 billion, down from earlier guidance of $11.5 billion to $11.6 billion.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Friday.

Ulta Beauty noted a decline in traffic and cut its full-year forecast after Q2 results missed both internal and analyst estimates.

Ulta Beauty, Inc. (NASDAQ:ULTA ) Q2 2024 Earnings Conference Call August 29, 2024 4:30 PM ET Company Participants Kiley Rawlins - VP, IR Dave Kimbell - CEO Paula Oyibo - CFO Kecia Steelman - President & COO Conference Call Participants Steven Forbes - Guggenheim Securities Amy Teske - Baird Michael Lasser - UBS Rupesh Parikh - Oppenheimer Kelly Crago - Citi Korinne Wolfmeyer - Piper Sandler Juliana Duque - Wells Fargo Michael Baker - D.A. Davidson Ashley Helgans - Jefferies Olivia Tong - Raymond James Susan Anderson - Canaccord Genuity Operator Good afternoon, and welcome to Ulta's Beauty's Conference Call to discuss results for the Ulta Beauty Second Quarter 2024 Earnings Results.