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Ulta Beauty blew the markets away with its quarterly results

Miguel A. Rodriguez
Miguel A. Rodriguez
31 May 2021
One of the largest beauty retailers in the U.S. reported first-quarter results that came ahead of the consensus

The premier beauty destination for cosmetics, fragrance, and various beauty products, Ulta Beauty announced earnings per share of $4.07, beating by far the $1.93 initially touted. The market was looking for an EPS of $1.93 on revenues of $1.64 billion. Ulta officials had the following things to say: "The net sales increase during the first quarter of fiscal 2021 was primarily due to the favourable impact in the U.S. from improving consumer confidence, government stimulus payments and the easing of COVID-19 restrictions." At the same time, the company's comparable sales went up 65.9% versus the 40.1% estimated by analysts.

For the full year 2021, Ulta Beauty's comparable sales are expected to increase between 23% - 25%, up from a previous outlook of 15% - 17%. Moreover, the EPS is seen at a high of $11.95 on revenues of $7.8 billion. The economic reopening is expected to boost the recovery in demand.

After the news, Ulta Beauty shares gained 5%.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.