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0.00132450331125828 0.00132450331125828 0.00132450331125828 0.00129801324503314 -0.00317880794701984 0.00339072847682127 0.00927152317880795 0.00397350993377483
Stock impact report

Elf Beauty projects annual sales, profit below estimates despite upbeat Q4 [Yahoo! Finance]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
Company Research Source: Yahoo! Finance
inflation has left little room for Americans to spend on affordable luxuries such as cosmetic and skincare products. However, the California-based firm topped estimates for fourth-quarter revenue and profit. WHY IT'S IMPORTANT While beauty companies such as Elf managed to sustain the post-pandemic demand boom, the forecast indicates that still-high food prices and interest rates have forced customers to prioritize needs-based goods over discretionary purchases. CONTEXT Last month, retailer Ulta Beauty flagged a slowdown in demand across categories in the first quarter. U.S. retail sales for cosmetics and beauty products are expected to grow by 6.9% in 2024, compared with 10.5% increase seen in 2023, according to data analytics firm Emarketer. Analysts at UBS have also noted that Elf has a history of providing conservative full-year targets. KEY QUOTE "We do like to take things one quarter at a time ... it's very hard to kind of grow 80% on top of 80%," said CEO Taran Show less Read more
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