Ulta Beauty Breaks Down a Strong Fourth Quarter
Ulta Beauty (NASDAQ: ULTA) recently announced fourth-quarter earnings results that ended its fiscal year on a positive note. Sales growth sped up during the holiday shopping period despite the weak demand for makeup products across the industry. The retailer's wider 2019 was marked by a few struggles, though, including slowing customer traffic gains and reduced profitability.
In a conference call with Wall Street analysts last week, CEO Mary Dillon and her team discussed those hits and misses while giving the most detailed outlook possible for a 2020 year that's likely to include significant sales pressures from the COVID-19 outbreak.
Below are a few highlights from the conference call.
Source Fool.com
