ULTA Earnings Review: Undervalued Enough!

ULTA earnings were not great but this was highly expected. However, I think the business fundamentals still strong and doesn't deserve such undervaluation. It's still a strong buy for me!

Ulta missed earnings and the stock gave back much of the boost it gained after Warren Buffett disclosed a position. I think that was pretty exaggerated:

• It posted $2.55 billion revenue vs. $2.61 billion expected.

• Earnings per share was $5.30 vs. $5.46 expected.

Let me be straightforward with this:

• Ulta earnings weren’t great.

• It’s still a great business at a…