Ulta Beauty: Strong EPS, Revenue Gains
Ulta Beauty delivered better-than-expected earnings in their latest release, reflecting a strong quarter despite hurdles.
U.S. specialty beauty retailer Ulta Beauty (NASDAQ:ULTA) reported fiscal 2024 fourth-quarter results on Thursday, March 13, that topped analysts' consensus expectations. Q4 EPS of $8.46 beat expectations of $7.13 while revenue also exceeded projections, coming in at $3.49 billion, against an estimated $3.47 billion. Revenue did dip 1.9% year over year, attributed to a previous fiscal boost from an extra week in the prior year.
Overall. the results indicate a solid quarter bolstered by a strategic focus on omnichannel retail and exclusive product offerings.
Source: Ulta Beauty. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
