ULTA - Ulta Beauty Stock Slides On Q4 Earnings: The Details | Benzinga
Ulta Beauty Inc (NASDAQ:ULTA) reported fourth-quarter financial results Thursday after the bell. Here’s a quick rundown of the report.
Q4 Earnings: Ulta Beauty said fourth-quarter revenue increased 10.2% year-over-year to $3.55 billion, which beat the consensus estimate of $3.53 billion. The specialty beauty retailer reported quarterly earnings of $8.08 per share, which beat analyst estimates of 7.53 per share, according to Benzinga Pro.
Ulta has now beat analyst estimates on both the top and bottom lines in 13 consecutive quarters, according to data from Benzinga Pro.
Comparable sales were up 2.5% year-over-year, driven by a 4.5% increase in transactions and a 1.9% decrease in the average ticket.
Operating income increased 15.5% to $517.1 million on a year-over-year basis. Ulta noted that its fiscal fourth quarter of 2023 contained one extra ...