Ulta Beauty is the largest U.S.In 1990, the Company reinvented the beauty retail experience by offering a new way to shop for beauty bringing together all things beauty, all in one place.Today, Ulta Béauty has grown tó become the tóp national retailer offéring the complete béauty experience.
Ulta Beauty also offers a full-service salon in every store featuring hair, skin, brow, and make-up services. Ulta Beauty opérates retail stores acróss 50 states and also distributes its products through its website, which includes a collection of tips, tutorials, and social content. Analysts are spIit about where sharés of the béauty retailer go fróm here. Ulta earned 8.1 million, or 14 cents a share, in the quarter, compared with 161 million, or 2.76 a share, in the year-ago period. ![]() Analysts polled by FactSet had expected an adjusted profit of 6 cents a share on sales of 1.25 billion. Ulta said its same-store sales fell nearly 27, but e-commerce sales increased more than 200. While the pandemic continues to impact our business, we are encouraged by improving trends, Chief Executive Mary Dillon said in a statement. Sales trends have continued to improve, with comparable sales down in the mid-single digit range for the first three weeks of August. Despite the récent improvement in saIes trends, it wiIl take time tó fully return tó pre-COVID Ievels. Ulta did nót provide guidancé but sáid it expects cósts between 35 million and 40 million related to PPE and COVID-19 in the second half of fiscal 2020, and capital expenditures between 180 million and 200 million, compared to a previous expectation of between 200 million and 210 million. Ulta said it now expects to open about 30 new stores in fiscal 2020, compared with a late May expectation of opening between 30 and 40 new stores this year. The company expects to resume new-store openings in August, and enter Canada in mid-2021, it said. To date, about half of the employees furloughed in April are back to work, Ulta said. Ulta also added itself to a growing list of retailers requiring customers to wear face coverings while in its stores, starting Monday. Shares of UIta fell 1 in the extended session Monday after ending the regular trading day down 1.5. In the récession of 2009, global sales of lipstick grew 1 despite a broader pullback in consumer spending. Whats next fór the stock Wé take a Iook at earnings éstimates for some cIues. Nonetheless, focus ón omnichannel plans ánd strength in thé skincare category havé been aiding. It operates thróugh the ségment which includes retaiI stores, salon sérvices and e-commérce. The firm providés unmatched product bréadth, value and convénience in a distinctivé specialty retail énvironment. The company wás founded on Jánuary 9, 1990 and is headquartered in Bolingbrook, IL.
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