-=Ulta Beauty (ULTA) reported earnings on Thur 29 Aug 2019 (a/h)

Ulta Beauty misses by $0.04, reports revs in-line; lowers FY20 EPS and rev below consensus 

Reports Q2 (Jul) earnings of $2.76 per share, $0.04 worse than the S&P Capital IQ Consensus of $2.80; revenues rose 12.0% year/year to $1.67 bln vs the $1.68 bln S&P Capital IQ Consensus. 

Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 6.2% compared to an increase of 6.5% in the second quarter of fiscal 2018. The 6.2% comparable sales increase was driven by 5.4% transaction growth and 0.8% growth in average ticket; Gross profit as a percentage of net sales increased 40 basis points to 36.4% compared to 36.0% in the second quarter of fiscal 2018, primarily due to improvement in merchandise margins driven by our marketing and merchandising strategies and leverage of fixed store costs, partially offset by investments in our salon services;

Co issues downside guidance for FY20 to reflect anticipated industry-wide sales headwinds, sees EPS of $11.86-12.06 from $12.83-13.03 vs. $12.97 S&P Capital IQ Consensus; sees FY20 revs +9-12% (from low DD growth) to $7.32-7.52 vs. $7.54 bln S&P Capital IQ Consensus; achieve comparable sales growth of ~4% to 6% (previously 6% to 7%), including e-commerce growth of 20% to 30%.

Earnings this week : Aug 26 - 30, 19 (wk 35)

Notable earnings reports:

• Autodesk (NASDAQ:ADSK), J.M. Smucker (NYSE:SJM) and Hewlett Packard Enterprise (NYSE:HPE) on August 27; 
• Box (NYSE:BOX), Five Below (NASDAQ:FIVE), Tiffany (NYSE:TIF), Williams-Sonoma (NYSE:WSM) and H&R Block (NYSE:HRB) on August 28; 
• Abercrombie & Fitch (NYSE:ANF), Best Buy (NYSE:BBY), Dell Technologies (NYSE:DELL), Dollar General (NYSE:DG), Workday (NASDAQ:WDAY), Marvell Technologies (NASDAQ:MRVL) and Dollar Tree (NASDAQ:DLTR) on August 29; 
• Campbell Soup (NYSE:CPB) and JinkoSolar (NYSE:JKS) on August 30.

****

• Tue 8/27 afternoon: ADSK HEI HPE LCI OOMA PAHC PSEC VEEV
• Wed 8/28 morning: BF.B CHS COTY DAKT DY EXPR MOV TIF
• Wed 8/28 afternoon: BOX ESTC FIVE GEF GES HRB MTRX NTNX OKTA OLLI PVH SCVL SMTC SPWH TLYS WSM ZUO
• ---
• Thur 8/29 morning: ANF BBY BURL DBI DG DLTR GMS HAIN MBUU MEI PDCO SAFM SY TD TECD TITN
• Thur 8/29 afternoon: AMBA AOBC COO DELL MRVL ULTA WDAY YEXT
• ------
• Fri 8/30 afternoon: BIG CPB JKS LX

=Ulta Beauty (ULTA) reported earnings on Thur 6 Dec 18 (a/h)

 Ulta Beauty beats by $0.02, reports comps in-line with preannouncement; guides Q4 below consensus

• Reports Q3 (Oct) earnings of $2.18 per share, $0.02 better than the S&P Capital IQ Consensus of $2.16; revenues rose 16.2% year/year to $1.56 bln vs the $1.56 bln S&P Capital IQ Consensus.  
• Preannounced EPS at high end of $2.11-2.16 range, comps +7.8% vs. +7-8% guidance last month
• Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 7.8% compared to an increase of 10.3% in the third quarter of fiscal 2017. The 7.8% comparable sales increase was driven by 5.3% transaction growth and 2.5% growth in average ticket; Retail comparable sales increased 4.4%, including salon comparable sales growth of 3.5%; E-commerce sales increased 42.5% to $170.7 million. Gross profit as a percentage of net sales remained flat at 36.7% compared to the third quarter of fiscal 2017, due to category and channel mix shifts and investments in our salon services and supply chain operations, fully offset by leverage in fixed store costs and the impact of new revenue recognition accounting;
• Co issues downside guidance for Q4, sees EPS of $3.50-3.55 vs. $3.62 S&P Capital IQ Consensus; sees Q4 revs of $2.085-2.103 bln vs. $2.12 bln S&P Capital IQ Consensus.

Earnings this week : Dec 3 - 7, 18 (wk 49)

Earnings confirmed to report this week

Monday (Dec 3)    

• Morning: FNSR
• Afternoon:  COUP MESA RH SMAR

Tuesday (Dec 4)

• Morning:  AZO AVYA BMO BNED CONN DG DCI GMS HDS MOV SECO TOL
• Afternoon: ESTC GWRE HOME HPE HQY MDB MRVL OLLI  OL ZS

Wednesday (Dec 5)
Markets will be closed for the mourning of the 41st US President George H.W. Bush

• Morning: AEO BF.B GIII JW.A LE MOMO SCWX 
• Afternoon: CLDR FIVE GEF HRB KFY  OKTA SNPS  

Thursday (Dec 6)

• Morning:  DLTH GCO GIII HOME HOV HRB KFY KR LE MEI MIK MOMO PDCO PLCE SCWX SIG THO TTC VRNT
• Afternoon:  AOBC AVGO CMTL COO DOCU DOMO LULU SAIC ULTA UNFI ZUMZ

Friday (Dec 7)

• Morning: BIG MTN

=Ulta Beauty (ULTA) reported earnings on Thur 31 May 2018 (a/h)

Ulta Beauty beats by $0.22, beats on revs; guides Q2 EPS below consensus, revs below consensus; Reaffirms 2018 rev growth, raises EPS outlook 

• Reports Q1 (Apr) earnings of $2.70 per share, $0.22 better than the Capital IQ Consensus of $2.48; revenues rose 17.4% year/year to $1.54 bln vs the $1.52 bln Capital IQ Consensus.
  • Comparable sales increased 8.1% compared to an increase of 14.3% in the first quarter of fiscal 2017 (Guidance was for an increase in the range of 6-7%). The 8.1% comparable sales increase was driven by 5.1% transaction growth and 3.0% growth in average ticket
• Co issues downside guidance for Q2, sees EPS of $2.35-2.40, excluding non-recurring items, vs. $2.48 Capital IQ Consensus Estimate; sees Q2 revs of $1.475-1.488 bln vs. $1.49 bln Capital IQ Consensus Estimate.
  • Comparable sales for the second quarter of fiscal 2018, including e-commerce sales, are expected to increase 6% to 7%.
• FY18 Outlook:
  • Increase total sales in the low teens percentage range (Reaffirm);
  • Achieve comparable sales growth of approximately 6% to 8%, including the impact of e-commerce; grow e-commerce sales in the 40% range (Reaffirm);
  • Open approximately 100 new stores and execute 15 remodel or relocation projects (Prior 17);
  • Deleverage operating profit margin rate in the range of 50 to 70 basis points (Reaffirm);
  • Deliver GAAP earnings per share growth in the low twenties percentage range, compared to previous guidance of approximately 20% (Raise), including the impact of approximately $500 million in share repurchases and assuming a 24% effective tax rate;
  • Incur capital expenditures of $375 million in fiscal 2018, compared to fiscal 2017 capital expenditures of $441 million (Reaffirm)

-=Ulta Beauty (ULTA) reported earnings on Thur 15 March 18 (a/h)

Ulta Beauty misses by $0.03, reports revs in-line; guides AprQ EPS and revs below consensus; approves a new $625 mln share repurchase authorization 

• Reports Q4 (Jan) earnings of $2.75 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $2.78; revenues rose 22.6% year/year to $1.94 bln vs the $1.94 bln Capital IQ Consensus.
  • Reports Q4 same store comps of +8.8%, driven by +6.2% transaction growth and +2.6% growth in average ticket; Retail comps +4.2%, including salon comps of +3.2%.
• Co issues downside guidance for Q1 (Apr), sees EPS of $2.43-2.48 vs. $2.66 Capital IQ Consensus Estimate; sees Q1 revs of $1.506-1.519 bln vs. $1.52 bln Capital IQ Consensus Estimate.
• FY18 Outlook:Sales in the low teens percentage range; comps of +6-8%, including the impact of e-commerce; co expects to grow e-commerce sales in the 40% range. Co expects to open approximately 100 new stores in FY18.
• Co also approves a new share repurchase authorization of $625 mln, which replaces the prior authorization implemented in March 2017.

=Ulta Beauty (ULTA) reported earnings on Thur 30 Nov 2017 (a/h)

Ulta Beauty beats by $0.03, reports revs in-line; guides Q4 EPS below consensus, revs in-line; Q3 comps +10.3%; sees Q4 comps +8-10%; Reaffirms 2017 fiscal outlook

• Reports Q3 (Oct) earnings of $1.69 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $1.66; revenues rose 18.7% year/year to $1.34 bln vs the $1.34 bln Capital IQ Consensus. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.3%compared to an increase of 16.7% in the third quarter of fiscal 2016.
• Income per diluted share increased 21.4% to $1.70, including a benefit of $0.04 due to a lower tax rate, a benefit of $0.03 due to a lower share count, offset by approximately $0.08 due to the impact of Hurricanes Harvey and Irma in the quarter, compared to $1.40 in the third quarter of fiscal 2016.
• Co issues below guidance for Q4, sees EPS of $2.73-2.78, excluding non-recurring items, vs. $2.84 Capital IQ Consensus Estimate; sees Q4 revs of $1.926-1.959 bln vs. $1.93 bln Capital IQ Consensus Estimate. Comparable sales for the fourth quarter of 2017, including e-commerce sales, are expected to increase 8% to 10%. The Company reported a comparable sales increase of 16.6% in the fourth quarter of 2016.
• The Company is reaffirming its previously announced fiscal 2017 guidance. The Company plans to: achieve comparable sales growth of approximately 10% to 11%, including the impact of the e-commerce business; grow e-commerce sales in the 50% to 60% range; open approximately 100 new stores; remodel 11 locations and relocate 7 stores.

=Ulta Beauty (ULTA) downgraded by Cleveland Research

• Cleveland Research downgrades Ulta Beauty from Buy to Neutral, predicting an expected slowdown in cosmetics, increased promotions

Ulta shares dipped as low as $189.50 on Thursday morning after analysts at Cleveland Research downgraded the stock from Buy to Neutral and said Ulta stock still isn’t cheap considering the challenging environment it is facing in the retail space.

Cleveland said hurricane disruptions and negative sales and margin trends will likely weigh on Ulta earnings in the near-term.

The downgrade came just a day after CNBC's Jim Cramer said he wouldn’t sell his Ulta shares at the current price, but he also wouldn’t recommend buying more.

Ulta was once considered among the handful of U.S. retail stocks that were immune to Amazon.com, Inc. (NASDAQ: AMZN)’s dominance. Unfortunately, investors’ confidence in Ulta’s ability to dodge the Amazon bullet started dissipating back in July after reports started surfacing that Amazon is expanding its packaged beauty product offerings.

In August, BMO's Shannon Coyne and her team downgraded the stock to Hold, warning that the beauty sector is gearing up for an ugly market share war.

=Ulta Beauty (ULTA) reported earnings on Thur 24 August 2017 (a/h)

Ulta Beauty beats by $0.05, reports revs in-line; guides Q3 in-line; raises FY18 guidance

• Reports Q2 (Jul) earnings of $1.83 per share, $0.05 better than the Capital IQ Consensus of $1.78; revenues rose 20.7% year/year to $1.29 bln vs the $1.29 bln Capital IQ Consensus. 
• Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 11.7% vs. +10-12% guidance and 14.4% in the second quarter of fiscal 2016. The 11.7% comparable sales increase was driven by 5.5% transaction growth and 6.2% growth in average ticket
  • Retail comparable sales increased 8.3%, including salon comparable sales growth of 7.7%; Salon sales increased 15.3% to $68.0 million from $59.0 million in the second quarter of fiscal 2016; E-commerce sales grew 72.3% to $96.3 million from $55.9 million in the second quarter of fiscal 2016, representing 340 basis points of the total company comparable sales increase of 11.7%
• During the second quarter, the Company repurchased 462,421 shares of its stock at a cost of $126.5 million.
• The Company ended the second quarter with 1,010 stores and square footage of 10,631,474, representing an 11.3% increase in square footage compared to the second quarter of fiscal 2016.
• Gross profit as a percentage of net sales increased 40 basis points to 36.4% from 36.0% in the second quarter of fiscal 2016, due to improvements in merchandise margins and leverage in fixed store costs.
• Co issues in-line guidance for Q3, sees EPS of $1.63-1.68 vs. $1.68 Capital IQ Consensus Estimate; sees Q3 revs of $1.331-1.353 bln vs. $1.33 bln Capital IQ Consensus Estimate. Comparable sales for the third quarter of 2017, including e-commerce sales, are expected to increase 9% to 11%. The Company reported a comparable sales increase of 16.7% in the third quarter of 2016.  
• Co is raising its previously announced fiscal 2017 guidance. The Company plans to:
  • achieve comparable sales growth of ~10% to 11%, including the impact of the e-commerce business, compared to previous guidance of 9% to 11%; grow e-commerce sales in the 50% to 60% range, compared to previous guidance of 50%; open ~100 new stores; remodel 11 locations and relocate 7 stores;
  • deliver earnings per share growth in the high twenties percentage range (consensus +27.6%), compared to previous guidance of mid-twenties percentage range. This includes the impact of the 53rd week, the impact of ~$350 million in share repurchases, and the impact of the tax rate benefit recorded year to date, and excludes any tax rate impact from the new accounting standard related to share-based payment for the rest of the year;

=M.A.C. will be sold at Nordstrom Rack

M.A.C. cosmetics will soon be available at Nordstrom Rack, a first for the discount retailer as it previously did not carry any other cosmetic lines. The agreement will allow M.A.C. to move its discounted or soon-to-be-discounted products off of valuable counter space and on to the lower priced retailer’s shelves.


M.A.C., which is owned by the Estée Lauder group,  has sold its products at Nordstrom for years, but now the makeup brand is expanding its partnership with the department store chain. Some of its products will be available at the company’s chain of discount stores, Nordstrom Rack. The retailer is expected to sell M.A.C. products at 20 to 55 percent off full-price.

Nordstrom Rack will carry M.A.C. products that have been discounted or are about to be discontinued from the line, allowing more space for new collections and top-selling products at M.A.C.’s existing makeup counters.

M.A.C., whose prices fall into the mid to high-end range, also began selling its products at affordable beauty retailer Ulta in May of this year. Ulta is known for carrying a mix of drugstore lines such as Nyx and high-end brands like Tarte and Too Faced.

Nordstrom opened its first Nordstrom Rack store in 1973 and the company now operates 113 of the discount retailers. Nordstrom Rack also shares an e-commerce platform with Nordstrom’s flash sale brand, Hautelook.

=Ulta Beauty (ULTA) breached its key 200-day moving average

• Desperate to get shoppers in the door, department stores are discounting the one item they had long been able to sell at full price: cosmetics.

Ulta Beauty (ULTA) breached its key 200-day moving average amid a report that department stores are now discounting prestige beauty products, a segment once thought to be untouchable by price slashers.

Lord & Taylor and Macy's-owned Bloomingdale's are following Macy's in offering slight discounts on beauty products, according to the Wall Street Journal.

=Ulta Salon (ULTA) reported earnings Thur 1 Dec 2016 (a/h)

• 26% gain in earnings and a 24% sales advance outpaced analysts' third-quarter estimates. 

Ulta Salon, Cosmetics & Fragrance (ULTA) reported better-than-anticipated results for the 2016 third quarter and issued upbeat guidance for the holiday quarter.

The Bolingbrook, Ill.-based company projected fourth-quarter earnings per diluted share between $2.08 and $2.13 on revenue of $1.52 billion to $1.54 billion. Analysts were modeling earnings of $2.06 per share on revenue of $1.51 billion.

Comparable-store sales are now forecast to increase 12% to 14% in the current period vs. the FactSet consensus estimate for 13% growth.

Apart from this, ULTA Salon reiterated its other guidance metrics. The company continues to expect 40% year-over-year growth in e-commerce sales, approximately 11% expansion in square footage with the opening of 100 net new stores, remodeling of 12 locations and capital expenditure of $390 million.

=Ulta Salon (ULTA) reported earnings Thur 26 May 2016 (a/h)

Ulta Salon beats by $0.16, beats on revs; guides Q2 EPS below consensus, revs above consensus; raises FY17 guidance:

• Reports Q1 (Apr) earnings of $1.45 per share, $0.16 better than the Capital IQ Consensus of $1.29; revenues rose 23.7% year/year to $1.07 bln vs the $1.03 bln Capital IQ Consensus. 
• Comps +15.2% including eCommerce vs. +9-11% guidance, driven by 11.0% growth in traffic and 4.2% growth in average ticket; Retail comparable sales increased 13.9%, including salon comparable sales growth of 7.7%.
• Co issues mixed guidance for Q2, sees EPS of $1.32-1.37 vs. $1.40 Capital IQ Consensus Estimate; sees Q2 revs of $1.041-1.058 bln vs. $1.03 bln Capital IQ Consensus Estimate. 
• Raises FY17 comps to 10-12% from 8-10% with eCommerce +40%; total sales to high teens growth from mid to high teens (consensus +17.2%).

=Ulta Salon (ULTA) reported earnings on Thur 10 March 2016 (a/h)

Beat on Q4 EPS of $1.69 ($1.54 Consensus); upside guidance for Q1 EPS of $1.25-1.30 ($1.21 Consensus); announces $200 mln accelerated share repurchase.

Ulta Salon beats by $0.15, beats on revs; guides Q1 above consensus; FY17 comps above  :

• Reports Q4 (Jan) earnings of $1.69 per share, $0.15 better than the Capital IQ Consensus of $1.54; revenues rose 21.1% year/year to $1.27 bln vs the $1.24 bln Capital IQ Consensus.
• Comps +12.5% vs. ests near +9.5%
• Co issues upside guidance for Q1, sees EPS of $1.25-1.30 vs. $1.22 Capital IQ Consensus Estimate; sees Q1 revs of $1.016-1.033 bln vs. $1.01 bln Capital IQ Consensus Estimate. Comparable sales for the first quarter of 2016, including e-commerce sales, are expected to increase 9% to 11%. The Company reported a comparable sales increase of 11.4% in the first quarter of 2015.
• Co sees FY17 comps +8-10% vs ests near +8%; increase total sales in the mid to high teens percentage range vs. +15% consensus; grow e-commerce sales in the 40% range; expand square footage by ~11% with the opening of 100 net new stores.

=Ulta Salon (ULTA) reported earnings Thur 3 Dec 2015 (a/h)

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** charts after earnings **

Ulta Salon beats by $0.06, beats on revs; guides Q4 EPS in-line, revs in-line :

• Reports Q3 (Oct) earnings of $1.11 per share, $0.06 better than the Capital IQ Consensus of $1.05; revenues rose 22.1% year/year to $910.7 mln vs the $880.14 mln Capital IQ Consensus.
• Comparable sales increased 12.8% compared to an increase of 9.5% in 3Q14. The 12.8% comparable sales increase was driven by 10.6% growth in transactions and 2.2% growth in average ticket.
• Gross profit decreased 90 basis points to 36.9% from 37.8% in 3Q14primarily due to supply chain initiatives including the new Greenwood, Indiana distribution center.
• During the third quarter, the company opened 45 stores.
• During the third quarter, the company repurchased 288,427 shares of its stock at a cost of approximately $47.5 million. As of October 31, 2015, $238.8 mln remained available under the $400 mln share repurchase program.
• Co issues in-line guidance for Q4, sees EPS of $1.48-$1.53 vs. $1.50 Capital IQ Consensus Estimate; sees Q4 revs of $1.212-$1.233 bln vs. $1.22 bln Capital IQ Consensus Estimate. 

Options trade idea : Ulta Beauty (ULTA)

Earnings today (12/4/14 after close)

• Buy Dec $130 calls  $5.00
• Sell Dec $135 calls  $3.00

** after earnings **

125.74 

+1.06 (0.85%)

After Hours: 133.90 +8.16 (6.49%)

Dec 4, 7:59PM EST  

Next day

• Buy Dec $130 calls  $5.00  -->  now 2.80
• Sell Dec $135 calls  $3.00  -->  now  1.35

Ulta Salon Cosmetics & Fragrance (ULTA) reports earnings Thur 5 Dec 2013 (a/h)

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** daily heikin**

** charts after earnings **
Ulta Salon Cosmetics & Fragrance (ULTA) shares plunged 15.7% to $99.50 after the beauty products retailer’s quarterly results and outlook fell short of Wall Street expectations. The company reported third-quarter earnings of 70 cents a share on revenue of $618.9 million. Results included a severance charge of 2 cents a share. Analysts were expecting 74 cents a share on revenue of $622.1 million. For the current quarter, Ulta expects to earn between $1.07 a share to $1.10 a share on revenue of $853 million to $867 million. Analysts expect $1.24 a share on revenue of $893.6 million.

next day, Fri 12/6/13

Ulta missed quarterly EPS by $0.02 ($0.72 ex items vs $0.74 estimate), revs rose 22.4% yoy to $618.8 mln vs $622.38 mln estimate; sees Q4 EPS of $1.07-1.10 vs $1.24 estimate, revs of $853-867 mln vs $895.01 mln estimate; downgraded to Neutral from Overweight at Piper Jaffray

Ulta Beauty (ULTA) reported earnings on Thur 11/29/12

Ulta Salon, Cosmetics & Fragrance Inc. said Thursday that net income rose 43% in its fiscal third quarter as costs decreased even though the company opened dozens of new stores.
Shares jumped 5 percent in after-hours trading.

** daily ** 

The company said its profit margins improved and revenue grew 22 percent in the quarter ended Oct. 27. Ulta also reported strong growth in sales at its older stores — an important measurement of retailer performance. It also raised its annual earnings guidance.

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Net income rose to $38.2 million, or 59 cents per share, from $26.8 million, or 42 cents per share, a year ago. Revenue increased to $505.6 million from $413.1 million.

Analysts forecast profit of 56 cents per share and $503.9 million in revenue, according to FactSet.
Sales at stores open at least 14 months rose 8.4 percent, which was better than analysts expected. That measurement is a key reading of retailer health, because it excludes results from stores that recently opened or closed.

** daily - Heikin **

During the third quarter Ulta opened 49 stores, relocated one, closed one, and remodeled 11 to give the company a total of 537 stores.

Ulta expects to earn 96 to 98 cents per share in the fiscal fourth quarter, on revenue of $742 million to $754 million. Analysts estimate net income of 96 cents per share and $735.5 million in revenue for the quarter.
For the full fiscal year the company now projects net income of $2.64 to $2.66 per share, up from a previous estimate of $2.58 to $2.60 per share. Analysts expect $2.61 per share on average.
Ulta shares rose $4.65, or 5 percent, to $97.80 in after-hours trading