Ulta Salon Stock Tanks After Guidance – CWEB.com

ulta

Ulta Salon Stock Tanks After Guidance – CWEB.com

Ulta Salon (NASDAQ:ULTA) stock tanks sharply after setting disappointing Q1 guidance.

The retailer expects revenue of $1.506B to $1.519B vs. $1.52 consensus and Q1 EPS of $2.43 to $2.48 vs $2.67 consensus.

During Q4, comparable sales were up 8.8% Y/Y on transaction growth of 6.2% and average ticket growth of 2.6%.

Shares of Ulta are down 4.9% in AH trading.

No dividends are paid to investors.

Prior growth has been built on new store expansion and comparable store increases.

New store expansion is slowing.

Comparable store sales are slowing with increased competition.

Women’s Wear Daily details more accusations against the retailer on selling used and returned items as new.

CWEB Analyst’s have initiated a Sell Rating for (NASDAQ:ULTA)   

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart
ULTA data by YCharts

 


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.