Ulta reported a minor earnings beat and higher buyback, but slowing comp sales of 3.8% indicate weak growth.
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Uh Ulta Beauty Affirm and Workday all report. you know autodesk software workday software a firm consumer lending Ulta consumer purchasing iron neocloud and then of course Marll tech for where do we stand on AS6 custom AS6 CPO adoption we'll see it's going to be really interesting
And then, of course, the firm and Ulta. So, we'll see.
Ulta just came out. Okay, Ulta's got fiscal year operating income growth. It's actually popping off. Uh Ulta that is a 8.8% operating income growth projected for fiscal year. Expectation was uh let's see here 6.5 plus 1.25.
25 7.75 expectation was 7.75%. So that's a little bit of a beat here.
Got an increased buyback at Ulta. Ulta buyback up to 1.8 billion from 1.5 billion. I've got fiscal year EPS. Fiscal year EPS comes in at 2885 forecast and prior forecast was 42 22 36 + 22 comes in at 2858 prior forecast.
So that's a beat of 28.85 85 divided by 28.58 is a beat of about 0.94%. Eh, so not not much really exciting there.
I've got Ulta. We covered Marll. Nothing new. Ulta. We covered Marll. Nothing new. Autodesk, not new.
H okay. Ulta Beauty, we saw they increase their buyback plan. I wonder how Ulta's margins are doing. Let's go take a look. So, Ulta margins. Let's go see what we have. Ulta Investor relations.
Okay. Second quarter report. press release. Oh, they actually released their 10Q right away. So, comp sales are only up 3.8%. So, that's definitely a slowdown.
I wonder how Ulta is behaving. Let's find out. Ulta, that's up about 0.9. I mean, that's a suggestion suggestion that people had uh even worse expectations if uh if Ulta's up on comp sales being like 3%. It's pretty freaking low. Yeah. 3.8%.
I've got gross profit margins holding though. 3 uh or 30 39.1% gross. You don't really make a lot of money though. 39% gross. Gross profit increased.
H then they acquired SpaceNK. Okay. What is that like Dutch company? SpaceNK. It is Oh, it's a beauty company and it's a British company. SpaceNK. It's the uh they're the initials of a founder Nikki Kinard.
Kinard. Okay. Then so that's just a brief extra kind of look at uh Ulta.
So a firm and what were the comp sales again? Uh on Ulta we had comp sales slow to 3% range.
What this channel has said about $ULTA
Meet Kevin has only this one call on this stock.