Beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) will be reporting earnings tomorrow after the bell. Here’s what you need to know.
Ulta beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $2.53 billion, up 1.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA and EPS estimates.
Is Ulta a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ulta’s revenue to decline 2.6% year on year to $3.46 billion, a reversal from the 10.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $7.14 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ulta has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Ulta’s peers in the beauty and cosmetics retailer segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Sally Beauty posted flat year-on-year revenue, meeting analysts’ expectations, and Warby Parker reported revenues up 17.8%, topping estimates by 1.9%. Sally Beauty traded up 2.1% following the results while Warby Parker was also up 4.1%.
Read our full analysis of Sally Beauty’s results here and Warby Parker’s results here.
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