Ulta Beauty Inc (WBO:ULTA)

€ 397.9 -3.7 (-0.92%) Market Cap: 18.10 Bil Enterprise Value: 19.96 Bil PE Ratio: 16.46 PB Ratio: 8.23 GF Score: 90/100

Ulta Beauty Inc at Wells Fargo Consumer Conference & Beauty Forum Transcript

Sep 26, 2019 / 08:40PM GMT

Release Date Price: €215.45 (+0.42%)

Transcript

Irwin Bernard Boruchow

Wells Fargo Securities, LLC, Research Division - MD and Senior Specialty Retail Analyst

So thanks, everyone, for coming. So Wells Fargo Consumer Conference here in lovely Laguna. I'm Ike Boruchow, retail analyst at Wells. Really happy to have Ulta Beauty with us. I've covered this company since IPO. CFO, Scott Settersten; Dave Kimbell, Chief Merchandising Officer, thanks so much. So it's very topical right now. I'll jump right into it.

Questions & Answers

Irwin Bernard Boruchow

Wells Fargo Securities, LLC, Research Division - MD and Senior Specialty Retail Analyst

Cosmetics in the U.S. has been soft for a while now. I think you guys have -- even when your comps were high single digits, you were calling out softness, like it began in 2017. I guess you've been able to buck that trend for a long time, but now we've seen you lower guidance last quarter for the rest of 2019. You called out deteriorating trend in prestige cosmetics. So I guess what exactly are you seeing recently that's kind of altered the view of the category is

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