Ulta Beauty Shares Plunge After 2021 Guidance and Funko Shares Jump After Earnings Beat 💄

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Ulta Beauty Shares Plunge After 2021 Guidance and Funko Shares Jump After Earnings Beat

Ulta Beauty

On Friday, shares of Ulta Beauty plunged, closing down 8.45%.

Shares of the American cosmetics company fell after releasing its fourth-quarter earnings report and delivered disappointing guidance for 2021.

Ulta reported an adjusted EPS of $3.41 a share vs. $2.34 according to analysts’ expectations. Revenue fell 4.6% year-over-year to $2.2 billion vs $2.08 billion as expected by analysts. Same-store sales declined 4.8% vs an 11.2% decline as expected.

For the entire 2021, the company said it expects an EPS of $8.85 to $9.30, below analysts’ estimates of $10.61.

Shares of Ulta Beauty are up over 10% this year.

Funko

On Friday, shares of Funko jumped, closing up 15.92%.

Shares of the pop-culture collectible manufacturer skyrocketed after impressing investors with its fourth-quarter earnings.

Funko reported earnings of $0.29 a share vs $0.14 a share as expected by analysts. Revenue grew 6% year-over-year to $226.5 million vs. $195.7 million, according to estimates. Sales in the United States grew 18%, helping to counterbalance a 24% decline in European sales.

The company expects net sales growth between 25% and 30% this year.

Shares of Funko are up over 70% this year.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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