What's Going On With Ulta Beauty Shares After The Close?
Portfolio Pulse from Adam Eckert
Ulta Beauty reported Q1 revenue of $2.63 billion and EPS of $6.88, slightly beating estimates. The company raised its full-year 2023 guidance, but it remains below analyst expectations. Ulta ended the quarter with $636.4 million in cash and repurchased $285.8 million in common stock.
May 25, 2023 | 8:24 pm
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Ulta Beauty's Q1 results beat estimates, but the raised 2023 guidance is still below expectations. Shares are down 9.3% after hours.
Ulta Beauty's Q1 results were slightly better than expected, but the company's raised 2023 guidance is still below analyst expectations. This mixed performance is likely causing the stock to trade lower in the short term, as investors may be concerned about the company's future growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100