Ulta Beauty reports disappointing earnings after Warren Buffett's Berkshire Hathaway takes stake

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Ulta Beauty 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

As investors pull back on the beauty retailer, Berkshire Hathaway is buying in.

On Thursday after market close, the beauty retailer reported second quarter results that missed estimates across the board. Revenue came in at $2.55 billion, compared to $2.62 billion expected. Earnings per share of $5.30 also fell short of the $5.50 expected."Our second quarter performance did not meet our expectations, driven primarily by a decline in comparable store sales," he said.

It expects revenue to come in between $11.0 billion to $11.2 billion, less than the previous range of $11.5 billion to $11.6 billion. "We think beauty demand may come under pressure in 2024 as consumer budgets remain stressed after two years of elevated rates. We think consumers will lean into shopping closer to refill, shopping for innovation-led solutions, and leveraging consumer rewards," CFRA analyst Ana Garcia wrote in a note to clients.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 47. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Warren Buffett’s Berkshire Hathaway tops US$1-trillion market valueInvestor confidence in the conglomerate continues to grow
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »