$ULTA (+1.2%) - Highlights Q2 Earnings:
- EPS: 5.30 $ (estimated 5.51 $)
- Sales: 2.55 billion $ (estimated 2.62 billion $)
Fiscal year guidance:
- Earnings per share: $22.60-23.50 (estimate: $25.26)
- Sales: $11.0 billion to $11.2 billion. (Estimate: 11.495 billion US dollars)
Key figures and performance:
- Net sales growth Q2 2024: +0.9% YoY
- Comparable sales growth Q2 2024: -1.2% YoY
- Gross margin: 38.3% (decrease of 100 basis points compared to the previous year)
- Operating result: USD 329.2 million (decrease from USD 391.6 million year-on-year)
- Net income: USD 252.6 million (down from USD 300.1 million in the previous year)
- Selling and administrative expenses: USD 644.8 million (increase compared to USD 600.7 million in the previous year)
- Inventory: USD 2.0 billion (increase of 10.1% compared to the previous year)
Operating highlights:
- New store openings: 17 in Q2; 29 for the full year
- Share buybacks: 549,852 shares for USD 212.3 million in Q2
- Total number of stores: 1,411
Comment from CEO Dave Kimbell:
- "Our second quarter performance was not in line with expectations due to a decline in comparable store sales. We are taking steps to counteract these trends and continue to focus on increasing sales and customer traffic."
