Why Ulta Beauty’s Margins Contracted in 3Q17
Despite strong sales growth, Ulta Beauty’s (ULTA) gross as well as operating margin fell in fiscal 3Q17.
After exceeding analysts’ sales expectations for the past several quarters, Ulta Beauty’s (ULTA) sales for fiscal 3Q17 were almost in line with the consensus analyst estimate.
Ulta Beauty (ULTA) continued to exceed earnings expectations in fiscal 3Q17. The company delivered adjusted EPS (earnings per share) of $1.75 in 3Q17, exceeding the consensus analyst estimate of $1.67.
As of December 4, Ulta Beauty (ULTA) was trading at a 12-month forward PE (price-to-earnings) ratio of 23.6x.
Ulta Beauty (ULTA) stock fell 4.1% on December 1 in reaction to the company’s fiscal 3Q17 results, which were announced after the close of financial markets on November 30.
As of November 24, Ulta Beauty (ULTA) was trading at a 12-month forward PE (price-to-earnings) ratio of 23.2x.
Ulta Beauty (ULTA) surpassed analysts’ earnings expectations in all of the last ten quarters.
Ulta Beauty’s (ULTA) gross margin contracted in fiscal 1Q17 but expanded in fiscal 2Q17 on a year-over-year basis.
Ulta Beauty (ULTA) has exceeded analysts’ sales expectations in each of the past ten quarters.
Ulta Beauty (ULTA) is scheduled to announce its fiscal 3Q17 results after the close of financial markets on November 30.
Of the 26 analysts providing ratings on Tiffany stock, 50.0% recommended a “buy” and 50% recommended a “hold.” Analysts suggest a target price of $95.98.
Wall Street analysts expect Tiffany & Co. (TIF) to report sales of $1.0 billion in fiscal 3Q17, which reflects a marginal improvement of 0.6% YoY.
Tiffany & Co. is expected to announce its fiscal 3Q17 earnings on November 29. Wall Street analysts expect its earnings to remain flat at $0.76 per share.
Of the 13 analysts covering Signet Jewelers (SIG) stock, 69.0% recommended a “hold,” and 31.0% maintained a “buy” rating.
In fiscal 3Q18, Signet Jewelers’ gross margin contracted 170 basis points to 27.8%.
Signet Jewelers’ (SIG) comps fell 6.2% in fiscal 3Q18, reflecting a 7.6% decline in the number of transactions.
Signet Jewelers projects its fiscal 2018 EPS to be $6.10–$6.50, down from its earlier guidance of $7.16–$7.56.
Signet Jewelers (SIG) stock fell 30.4% on November 21, reporting a loss of $0.10 per share in fiscal 3Q18. Analysts expected SIG to post a profit of $0.10 per share.
Foot Locker (FL) had one of its best days ever in the stock market after its 3Q17 results. Its share price rose 28% and closed at $40.8.
While Foot Locker’s EPS (earnings per share) fell 23% YoY (year-over-year) to $0.87, it managed to beat Wall Street analysts’ expectations by $0.07.