(CercleFinance.com) – Ulta Beauty takes more than 2% at the start of the session, the day after an increase in the annual objectives of the distributor of beauty products, which is now targeting EPS between 20.70 and 21.20 dollars, as well only revenues between 9.65 and 9.75 billion dollars.
In its second quarter, it achieved EPS up 25% to 5.70 dollars, a level 14% higher than the consensus according to Jefferies, for revenues up 16.8% to 2.3 billion (+14 .4% on a comparable basis).
“The second quarter results have reinforced several fundamental principles of our thesis”, affirms the broker who therefore remains at “buy”, noting that beauty is resisting better than the other categories of products and that Ulta is gaining market share.
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