Ulta Beauty Shines Post-Earnings
The stock is up 9%
Do you still remember that Berkshire Hathaway bought Ulta Beauty in Q2?
They sold it again in Q3.
It’s a strange move as Warren Buffett prefers to own companies for years, preferably decades.
Yesterday after the market closed, Ulta Beauty published its results.
The stock was up 9% on Friday.
It's always exciting to see the stock prices of companies we own go up after positive earnings.
Ulta Beauty 101
Ulta Beauty operates a unique business model that combines a wide range of beauty products with in-store salon services, creating a one-stop shop for beauty enthusiasts. Here’s a onepager with the essentials:
What was the reason Ulta Beauty was up by 9% yesterday?
The company slightly increased its guidance.
They expect EPS to equal $23.2-$23.75 in 2024. This means Ulta Beauty trades at roughly 19x earnings.
Happy Compounding!
Pieter
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