Q2 results below expectations (Il Sole 24 Ore Radiocor) - New York, 30 Aug - Ulta Beauty shares fell after the company missed second-quarter expectations and cut full-year guidance.

'While we are encouraged by many positive indicators across our business, our second quarter performance did not meet our expectations, driven primarily by a decline in comparable store sales,' said Dave Kimbell, chief executive officer. 'In light of our first half trends and a more cautious outlook, we have updated our full year expectations." Revenue in the quarter ended August 3 was 2.552 billion dollars from 2.530 billion in the same period a year ago, the beauty retailer said.

Net income in the period was 252.6 million dollars, or 5.30 dollars per diluted share, compared to 300.1 million, or 6.02 per share, a year ago. Wall Street expected EPS of 5.46 dollars.

It said for fiscal 2024 full year, it expects revenue of 11.0-11.2 billion dollars compared to a previous guidance of 11.5-11.6 billion.

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(RADIOCOR) 30-08-24 17:06:57 (0467) 5 NNNN