Currnelty long as from yesterdays setup and looking to see if we can holds the $260 level.
$276 IS A MAJOR LEVEL TO WATCH AS THERE IS FRESH ABOVE TO $332
Shorts will battle hard to hold the $276 so let the battle commence in the coming days or hours.
Earnings details
Ulta Beauty (NASDAQ:ULTA) edges past comparable sales expectations with a 3.2% gain in Q3 vs. +3.1% consensus.
Transactions were up 2.3% during the quarter and average ticket was 0.9% higher.
Gross margin was up 40 bps Y/Y to 37.1% of sales vs. 36.8% consensus. The retailer points to improvement in merchandise margins driven by marketing and merchandising strategies and leverage of fixed store costs, which was partially offset by investments in salon services.
Looking ahead, Ulta Beauty sees revenue growth of +10% vs. a prior view for +9% to +12% and 10.4% consensus. EPS $11.93 to $12.03 is anticipated vs. $11.91 consensus.
Source SeekiNG aLPHA
$276 IS A MAJOR LEVEL TO WATCH AS THERE IS FRESH ABOVE TO $332
Shorts will battle hard to hold the $276 so let the battle commence in the coming days or hours.
Earnings details
Ulta Beauty (NASDAQ:ULTA) edges past comparable sales expectations with a 3.2% gain in Q3 vs. +3.1% consensus.
Transactions were up 2.3% during the quarter and average ticket was 0.9% higher.
Gross margin was up 40 bps Y/Y to 37.1% of sales vs. 36.8% consensus. The retailer points to improvement in merchandise margins driven by marketing and merchandising strategies and leverage of fixed store costs, which was partially offset by investments in salon services.
Looking ahead, Ulta Beauty sees revenue growth of +10% vs. a prior view for +9% to +12% and 10.4% consensus. EPS $11.93 to $12.03 is anticipated vs. $11.91 consensus.
Source SeekiNG aLPHA