Ulta Updates FY24 Net Sales Guidance From $11.7B-$11.8B To $11.5B-$11.6B; Updates EPS Guidance From $26.20-$27.00 To $25.20-$26.00
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty has updated its FY24 net sales guidance from $11.7B-$11.8B to $11.5B-$11.6B and its EPS guidance from $26.20-$27.00 to $25.20-$26.00. The Q2 estimates are EPS of $5.93 and revenue of $2.65B.
May 30, 2024 | 8:07 pm
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NEGATIVE IMPACT
Ulta Beauty has lowered its FY24 net sales and EPS guidance, which may negatively impact investor sentiment. The Q2 estimates are EPS of $5.93 and revenue of $2.65B.
The downward revision in both net sales and EPS guidance indicates potential challenges in Ulta Beauty's business performance, which is likely to lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100