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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

5/26/17

Ulta Beauty (ULTA) looks beautiful. The stock for the cosmetics, fragrance, skin, hair care products and salon service company is up 3.5% to a new all-time high following better than expected earnings. The company easily beat earnings estimates as revenues rose 22.4% year over year to $1.31 billion. E-commerce sales grew 70.9% to $104.3 million in the quarter. Going forward, the company issued in line guidance.

Zoe's Kitchen (ZOES) is heading to zero. The restaurateur has been heading in the wrong direction for some time. The stock is down 65% in the last year, down 16% today to new lows following disappointing guidance. Earnings were actually in line, but going forward the company did lower sales guidance. Comparable sales came in negative while profit margins are declining as well. Other than that, the company is doing great.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.