Latest news with #Illinois-based
Yahoo
an hour ago
- Business
- Yahoo
Ulta Beauty's Q2 2025 Earnings: What to Expect
Valued at a market cap of $23.1 billion, Ulta Beauty, Inc. (ULTA) is the largest specialty beauty retailer in the U.S., offering a wide range of cosmetics, skincare, haircare, and salon services across more than 1,450 stores nationwide. Known for its mix of prestige and mass-market brands, Ulta also boasts a powerful loyalty program that drives around 95% of its sales. The Bolingbrook, Illinois-based company is expected to announce its fiscal Q2 earnings on Thursday, Sept. 4. Ahead of this event, analysts project this beauty company to report a profit of $4.87 per share, down 8.1% from $5.30 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the last four quarters, while missing on another occasion. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect ULTA to report EPS of $23.42, down 7.6% from $25.34 in fiscal 2024. Nonetheless, its EPS is expected to rebound in fiscal 2026, rising 9.5% year over year to $25.64. Shares of ULTA have climbed 41.7% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 18.3% uptick and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 24.5% gain over the same time frame. On May 29, ULTA stock rose 1.2% following the release of its Q1 earnings. Driven by increased comparable sales and new store contribution, its net sales soared 4.5% year-over-year to $2.8 billion, surpassing the Street's estimates. Its gross profit increased 4.2% from the prior year's quarter to $1.1 billion as well. ULTA's adjusted EPS for the quarter came in at $6.70, surpassing the consensus estimates by 16.1%. Wall Street analysts are moderately optimistic about ULTA's stock, with a 'Moderate Buy" rating overall. Among 26 analysts covering the stock, 10 recommend "Strong Buy," two suggest 'Moderate Buy,' 13 indicate 'Hold,' and one gives a 'Strong Sell' rating. The stock currently trades above its mean price target of $490.67. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Walgreens Boots Alliance's Quarterly Earnings Preview: What You Need to Know
With a market cap of $10.1 billion, Walgreens Boots Alliance, Inc. (WBA) is a global healthcare, pharmacy, and retail company operating in the United States and internationally. The company provides a broad range of services through its U.S. Retail Pharmacy, International, and U.S. Healthcare segments, including prescription and non-prescription drugs, health and wellness products, and value-based medical care. Analysts expect the Deerfield, Illinois-based company to report adjusted earnings of $0.25 per share in Q4 2025, down 35.9% from $0.39 per share in the year-ago quarter. However, the company has surpassed Wall Street's earnings estimates in the last four quarters. More News from Barchart Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold Dear Microsoft Stock Fans, Mark Your Calendars for Aug. 1 Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect the largest U.S. drugstore chain to report an adjusted EPS of $1.70, a decrease of nearly 41% from $2.88 in fiscal 2024. Shares of Walgreens Boots Alliance have dropped 2.6% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 16.8% return and the Consumer Staples Select Sector SPDR Fund's (XLP) 3.6% gain over the same period. Shares of Walgreens Boots Alliance recovered marginally following its Q3 2025 results on Jun. 26 due to better-than-expected adjusted EPS of $0.38 and revenue of around $39 billion, driven by aggressive cost-cutting measures, including executive reductions and store closures. Key contributors included an 8% rise in U.S. retail pharmacy sales to $30.7 billion and a 10.3% increase in same-store sales, reflecting the management's $1 billion cost-reduction plan and strategic store closures. Analysts' consensus view on WBA stock is cautious, with a "Hold" rating overall. Among 13 analysts covering the stock, one recommends "Strong Buy," 11 suggest "Hold," and one advises "Moderate Sell." As of writing, the stock is trading above the average analyst price target of $11.54. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Axios
a day ago
- Business
- Axios
Illinois' new sports betting tax could hurt casual gamblers most
As football season nears, Chicago area sports bettors may be in for sticker shock. The big picture: Illinois' new state budget includes a tax hike for online sports gaming — $0.25 for the first 20 million wagers, then $0.50 for every bet after that — which will impact big sites like FanDuel and DraftKings, and their customers. Why it matters: FanDuel announced it will pass that tax onto consumers, instituting a $0.50 tax on every online wager come Sept. 1, just in time for football season, which generates the most sports betting revenue. DraftKings has signaled similar plans, but hasn't announced any hikes yet. Those are the only two online gaming sites to pass the 20 million wager mark in the state last year and generate close to 75% of the state's sports betting market. Zoom in: Both sites have put down roots in Chicago, opening brick-and-mortar sports books at Wrigley Field and the United Center. Company leaders were initially outraged by the state's new tax and even suggested they could end their operations in Illinois. They've since backed away from that stance, instead opting to pass the tax directly to customers. The intrigue: While online gaming is a multibillion-dollar industry, a large portion of the gamblers are casual users, placing smaller bets or running fantasy sports competitions. What they're saying: "We are disappointed that the Illinois Transaction Fee will disproportionately impact lower wagering recreational customers," Flutter CEO Peter Jackson said in a statement. Flutter is the parent company of FanDuel. "We also believe the introduction of the Illinois Transaction Fee will likely motivate some Illinois-based customers to bet with unregulated operators. These operators do not contribute tax revenue to the state." Flashback: Online gambling has exploded since states started legalizing it in 2018. By the numbers: Since Illinois legalized it in 2020, over 1.3 billion individual bets have been placed, wagering over $48 billion, according to the Illinois Gaming Board. FanDuel made $491 million last year, while DraftKings made $418 million. Together, both companies paid over $200 million in taxes. Yes, but: The state, which is facing budget deficits, wants more. Context: This isn't the first time Illinois has dipped into sports gambling revenue. Just last year, they passed a graduated tax system that taxed sites up to 40% based on revenue. This new tax adds on top of that. Between the lines: If sports gamblers leave these sites and use the black market, it would undermine the state's revenue goals. "Should the state reverse its decision at any point in the future, FanDuel will immediately remove the $0.50 transaction fee," Jackson said.
Yahoo
5 days ago
- Business
- Yahoo
Here's What to Expect From Deere's Next Earnings Report
Moline, Illinois-based Deere & Company (DE) manufactures and distributes various equipment worldwide. It focuses on revolutionizing agriculture with technology, in an effort to make farming automated, easier, and more precise across the production process. With a market cap of $139.5 billion, Deere operates as the world's largest producer of agricultural equipment. DE is set to announce its third-quarter results before the markets open on Thursday, Aug. 14. Ahead of the event, analysts expect DE to report a profit of $4.62 per share, down 26.6% from $6.29 per share reported in the year-ago quarter. On a positive note, the company has surpassed the Street's bottom-line estimates in each of the past four quarters. More News from Barchart 2 Recession-Proof Dividend Stocks to Buy for the Second Half of 2025 UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip. Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full fiscal 2025, analysts expect its EPS to come in at $18.84, down 26.5% from $25.62 reported in fiscal 2024. However, in fiscal 2026, its earnings are expected to rebound 16% year-over-year to $21.85 per share. DE stock prices have soared 39.3% over the past 52 weeks, notably outpacing the S&P 500 Index's ($SPX) 17.3% surge and the Industrial Select Sector SPDR Fund's (XLI) 24.6% returns during the same time frame. Deere's stock prices gained 3.8% following the release of its better-than-expected Q2 results on May 15. Due to the impact of macroeconomic conditions, the company's net sales (excluding finance & interest income and other income) plunged 17.9% year-over-year to $11.2 billion. However, this figure surpassed the Street's projections by a significant margin. Meanwhile, its net income dropped 23.9% year-over-year to $1.8 billion, but its EPS of $6.64 exceeded the consensus estimates by a notable 16.9%. Moreover, analysts remain optimistic about the stock's longer-term prospects. DE holds a consensus 'Moderate Buy' rating overall. Of the 21 analysts covering the stock, opinions include 11 'Strong Buys,' one 'Moderate Buy,' and nine 'Holds.' Its mean price target of $548.19 suggests a modest 6.5% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Discover costs mount for Capital One
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Capital One reported a $4.3 billion second-quarter loss Tuesday, as the bank begins digesting its acquisition of Discover. The McLean, Virginia-based lender – whose assets jumped about 34%, to $659 billion, once the acquisition was completed in the second quarter – said Discover integration costs will surpass the $2.8 billion estimate originally shared, although Capital One CEO Richard Fairbank didn't provide more detail during the bank's second-quarter earnings call. Opportunities the Discover purchase presents are exciting, 'but they will require significant investment to bring them home,' Fairbank said. 'We're very compelled by the opportunities on the other side, but it's very clear to us that it's a multiyear journey and it's going to require quite a bit of investment.' Dive Insight: Although the Discover deal was originally estimated at $35.3 billion when it was announced in February 2024, the fair value purchase consideration was actually $51.8 billion when the deal closed May 18, Capital One disclosed Tuesday. The bank's integration budget includes deal costs, moving Discover onto its technology stack, integrating the Riverwoods, Illinois-based company's products and experiences, added investments in risk management and compliance, and integrating Discover's workforce, Fairbank told analysts during Tuesday's earnings call. 'As we have gotten more granularity on each of these efforts, we expect our integration costs will be somewhat higher than our previously announced $2.8 billion,' Fairbank said. For the first six months of the year, Capital One spent about $409 million on Discover integration expenses. Discover-related expenses in the second quarter totaled $9.4 billion, counting money set aside for some Discover loans. 'As we get deeper into it, it is … coming in somewhat higher,' Fairbank said. 'But it's not in any one thing. It's really just across a variety of the many elements of this deal.' On top of merger integration costs, Capital One CFO Andrew Young noted the bank plans to continue investing, too, including by building out additional capabilities for debit on Discover's network, in part to increase customer engagement. Fairbank stressed that investments in technology will remain a priority for Capital One, which aims to be a 'technology company that does banking.' 'Management noted ongoing investment in tech stack for operational efficiency and marketing / customer experience to remain competitive,' Jefferies analyst John Hecht wrote in a Tuesday note. 'It is clear that [Capital One] is planning on a several-year-journey in investing in the network from several perspectives (brand, technology, etc.).' Capital One also reiterated its expectation of $2.5 billion in deal synergies. 'This quarter reminded me of college physics class - I see the numbers and hear the words but only have a vague grasp of what is actually happening,' Truist Securities analyst Brian Foran wrote in a Tuesday note. Also Tuesday, a judge granted Capital One's request to put evidence-sharing on hold in a lawsuit the Trump Organization has filed against the bank. The lawsuit, filed in March, lodged de-banking accusations against Capital One, saying the lender closed hundreds of Trump-related bank accounts in 2021 because it believed 'the political tide at the moment favored doing so.' In May, Capital One asked the judge to dismiss the lawsuit, saying the Trump Organization's 'generalized allegations' of politically motivated de-banking don't hold up and its claims lack factual or legal support. Tuesday's order halts the discovery or evidence-sharing process until after the judge issues a decision on tossing the lawsuit. Recommended Reading Synapse partner banks hit with lawsuit over fund mismanagement Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
