Diamonds and Dogs
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.
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