Ulta results: The ULTA share drops 2% on mixed Q4 results, guidance

<p>Ulta (NASDAQ: ULTA) results for fiscal fourth quarter 2019 have ULTA shares that fall lower after Thursday Thursday. This comes after reporting adjusted earnings per share (EPS) of $ 3.89 on revenue of $ 2.31 billion. There are mixed results next to Wall Street estimates of $ 3.73 per share and a turnover of $ 2.32 billion.

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Let us now take a closer look at the latest Ulta performance report.

Adjusted earnings per share increased by 7.76% from $ 3.61 during the same period last year. Revenue for the quarter is 8.45% higher than $ 2.13 billion in the first quarter of 2019. Operating profit of $ 287.76 million is an increase of 2.33% compared to the previous year from $ 281.21 million. The Ulta revenue report also has a net profit of $ 222.72 million. That is a jump of 3.75% compared to its net profit of $ 214.67 million reported during the same period last year.

Mary Dillon, CEO of Ulta, said this about ULTA’s share income:

The Ulta Beauty team delivered results for the fourth quarter in the high part of our expectations, and I am proud of how our teams worked together to serve our guests this holiday season. Our improved capacity for omnichannel, combined with our exclusive products, multi-category marketing events and good execution of our store teams, enabled us to expand our market share and deliver a successful quarter.

Ulta’s earnings report also includes the outlook for the 2020 financial year. This expects adjusted earnings per share to range from $ 12.55 to $ 12.75. It does not look good next to the Wall Street estimate of $ 13.06 for the year.

The ULTA share ended the trading day with 10.25% and fell 1.78% as of Thursday afternoon.

At the time of writing, William White had no position in any of the above securities.

Article printed from InvestorPlace Media, https://investorplace.com/2020/03/ulta-earnings-dip-ulta-stock/.

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