CORRECTION: Ulta Issued 2024 Revenue Guidance Of $11.7B-$11.8B, Above $11.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty, Inc. has issued its revenue guidance for the year 2024, projecting revenues to be between $11.7 billion and $11.8 billion. This forecast surpasses the estimated revenues of $11.14 billion by analysts.
March 15, 2024 | 12:59 pm
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Ulta Beauty, Inc. has exceeded analyst revenue expectations for 2024, forecasting revenues between $11.7B and $11.8B against an estimate of $11.14B.
Ulta Beauty's higher-than-expected revenue guidance for 2024 indicates strong growth prospects and operational efficiency. This positive outlook is likely to instill investor confidence and could lead to an uptick in ULTA's stock price in the short term. The significant surpassing of analyst estimates further emphasizes the company's potential for outperformance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100