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18 May

Bath & Body Works Surpasses Wall Street Forecast in

by Beautifaire101
Beauty, Featured
Bath & Body Works Surpasses Wall Street Forecast in
Bath & Body Works beat Wall Street forecast on each the highest and bottom lines on Thursday. The corporate reported net sales of nearly $1.4 billion for the primary quarter ended April 29, a decrease of 4 percent in comparison with the identical period a 12 months earlier, but above analysts’ expectations. Net income was $81 million, down from $155 million, the corporate said. Adjusted earnings per diluted share got here in at 33 cents for the primary quarter, down from 64 cents a 12 months ago, but additionally beating analyst forecasts of 26 cents. Bath & Body Works updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the...
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26 Dec

Ulta Surpasses Wall Street Forecasts, Upgrades Full Yr Forecast

by Beautifaire101
Beauty, Featured
Ulta Surpasses Wall Street Forecasts, Upgrades Full Yr Forecast
Higher prices on the checkout usually are not deterring shoppers from stocking up on makeup and skincare at Ulta Beauty. After beating Wall Street estimates on the highest and bottom lines within the third quarter, the Bolingbrook, Illinois-based beauty retailer has once more increased its full-year outlook despite soaring inflation and fears that the U.S. could fall right into a recession next 12 months. Ulta can be encouraged by sales trends it has seen to date in the course of the crucial holiday season despite jitters in the broader retail world, with major firms including Goal, with which it has a partnership, downgrading forecasts. “While predicting holiday shopping patterns this 12 months is difficult, I'm optimistic in regards to the opportunity for Ulta...
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25 Aug

Ulta Beauty Surpasses Estimates in Q2, Raises Full 12

by Beautifaire101
Beauty
Ulta Beauty Surpasses Estimates in Q2, Raises Full 12
Ulta has raised its full-year outlook on the back of better-than-expected second-quarter results as consumers proceed to open their wallets at the wonder counter despite an uncertain economic backdrop. Net sales increased 16.8 percent year-over-year to $2.3 billion within the second quarter of the fiscal yr, in comparison with $2 billion in the identical period a yr earlier attributable to the “favorable impact from the continued resilience of the wonder category, the impact of recent brands and product innovation, and the easing of COVID-19 restrictions,” the corporate said. Analysts had forecasted sales of around $2.2 billion, in line with a Factset poll. All major categories exceeded Ulta’s expectations, and the retailer increased market share in prestige beauty versus last yr. In comparison...
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