The beauty retailer showed resilience during the pandemic
The largest US beauty retailer – Ulta Beauty - posted Q3 2020 earnings that beat estimates.
For the past quarter, Ulta Beauty reported an EPS of $1.64, topping the $1.51 expected. Although it beat this year’s consensus, the numbers came in lower than last year’s $2.25 a share. The EPS came ahead of the estimates three times over the last four quarters.
Ulta posted revenues of $1.55 billion, the numbers coming ahead of the consensus by 0.31%. But like the EPS, it came below than Q3 2019 figures of $1.68 billion. Two quarters out of four, the revenue figures surpassed the consensus.
The company didn’t provide any information for the future, but the market expects an EPS of $2.46 on revenues of $2.01 billion. For the whole fiscal year, the EPS is seen at $3.31, and revenues are expected to reach $5.98 billion.
After the news hit the wire, the company’s stock price added 2.67%. Since the beginning of the year, Ulta Beauty stock price gained 11.4%, while USA500 went up 13.6%.
Sources: finance.yahoo.com, businesswire.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.