U.S. Movers: Disney, Samsara, Ulta Beauty
- Scott Peters
- U.S.A. New York City
-
Disney reinstated its dividend as the company gears up for a proxy battle with an activist investor seeking board seats. Ulta Beauty reported strong quarterly sales and tightened its fourth quarter and annual outlook. Samsara said quarterly losses shrank.
Walt Disney increased 0.2% to $92.92 after the theme park and movie studio operator reinstated its 30 cents per share dividend.
The company is battling a proxy fight challenge from activist investor Nelson Peltz, and his fund is seeking multiple board seats.
Ulta Beauty soared 11.4% to $474.48 after the company reported strong third-quarter results and tightened its full-year revenue outlook.
Revenue in the third quarter ending in October increased to $2.5 billion from $2.3 billion, comparable store sales growth plunged to 4.5% from 14.6%, and the company opened a net of 12 new stores compared to 18 a year ago.
Net income decreased to $249.5 million from $274.5 million, and diluted earnings per share fell to $5.07 from $5.34 a year ago.
The company estimated a full-year revenue range between $11.10 billion and $11.15 billion, up from the previous estimate between $11.05 billion and $11.15 billion.
The company reiterated its net new store opening estimate between 25 and 30, and its diluted earnings per share estimate was revised to a new range between $25.20 and $25.60 from the previous estimate between $25.10 and $25.60.
Comparable sales are estimated to fall between 5.0% and 5.5% from the previous estimate between 4.5% and 5.5%.
Samsara jumped 13.1% to $31.15 after the IoT company reported quarterly results.
Revenue in the third quarter ending in October rose 40% to $237.5 million from $169.8 million, net loss shrank to $45.5 million from $58.6 million, and diluted loss per share eased to 8 cents from 11 cents a year ago.
The company forecasted revenue in the fourth quarter to fall between $257 million and $259 million and for the full-year 2024 to range between $918 million and $920 million.
Revenue in the fourth quarter is expected to rise between 38% and 39%, and in the full-year advance, 41% from a year ago.
Annual Returns
Company | Ticker | 2024 | 2023 | 2022 |
---|---|---|---|---|
Walt Disney Company The | DIS | 4% | -5% | -39% |
Ulta Beauty Inc | ULTA | -26% | 4% | 14% |
Samsara Inc. | IOT | 15% | 144% | -45% |