Ulta Beauty Sees FY24 EPS $26.20-$27.00 Vs $25.49 Est.; Revenue $11.7B-$11.8B Vs $11.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty projects FY24 EPS of $26.20-$27.00, surpassing the $25.49 estimate, with revenue expectations of $11.7B-$11.8B, exceeding the $11.14B forecast. The company plans 60-65 new stores, 40-45 remodels/relocations, and anticipates a 14.0%-14.3% operating margin. Share repurchases are expected to be around $1 billion.
March 14, 2024 | 8:07 pm
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Ulta Beauty forecasts higher-than-expected FY24 EPS and revenue, with significant expansion and share repurchase plans.
Ulta Beauty's projection of higher EPS and revenue than analysts' estimates, coupled with aggressive expansion and share repurchase plans, signals strong future performance and financial health. This is likely to positively influence investor sentiment and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100