Ulta Beauty posted disappointing Q2 earnings figures

By: Miguel A. Rodriguez

09:45, 14 September 2020

People went wild with online shopping

One of the largest chains of beauty stores in the US, Ulta Beauty, posted Q2 earnings that came below expectations. 

#Ulta posted quarterly #earnings of $8.1 million, or 14 cents per share. During the same time last year, it reported a net income of $161 million, or $2.76/share. 

Sales figures came in at $1.23 billion, 26% lower than last year’s $1.7 billion. 

According to Ulta’s statement, due to the pandemic, its same-store sales fell roughly 27%, but the e-commerce segment reported a 200% increase. Despite the pick-up in demand, it will take a while for the sales to return to the pre-pandemic levels. 

For the rest of the year, Ulta Beauty didn't provide any guidance, but it expects pandemic-related costs to reach a high of $40 million.  

During the regular trading session, Ulta shares gained 1.5%. In extended trading, shares rose more than 16%. 

Read about the latest Q2 reports from the beauty companies here!

Sources: marketwatch.com. cnbc.com

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.