L'Oreal adjusts global beauty forecast amid China's market volatility [Yahoo! Finance]
Ulta Beauty, Inc. (ULTA)
Last ulta beauty, inc. earnings: 3/12 04:03 pm
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Source: Yahoo! Finance
range of 4.5-5.0%. This adjustment comes in response to market volatility in China and a "slightly negative" 6.18 shopping festival. L'Oreal's stock has experienced a dip following the announcement by CEO Nicolas Hieronimus. This development aligns with Evercore's anticipation of a pullback in China's beauty sales for June due to timing and consumer sentiment issues. Despite the downtick in net sales during China's 6.18 shopping festival, gross sales for L'Oreal have reportedly increased, indicating an uptick in promotional activities. In the US, L'Oreal's growth is slowing due to a decline in mass makeup sales. However, prestige fragrances continue to perform strongly. According to Circana data, which includes Ulta Beauty (NASDAQ:ULTA) for mass products, L'Oreal-USA's growth is pegged at 2%, slightly lower than in the first quarter of 2024. Reported sales, however, grew by 11% due to the timing of shipments and stronger sales for the Luxury and Professional divisions. L'Ore
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ULTA
Earnings
- 5/30/24 - Beat
ULTA
Sec Filings
- 6/27/24 - Form 4
- 6/25/24 - Form 144
- 6/17/24 - Form 8-K
- ULTA's page on the SEC website