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)
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