Tag: $Ulta Beauty

Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.

There’s nothing quite like the nod of approval from one of the world’s most prominent investors to boost a stock, and that is precisely what is going on with Ulta Beauty  this morning.

Ulta Beauty reported first-quarter earnings that beat per-share expectations on Thursday, but shares fell in after-hours trading after the beauty retailer lowered its fiscal 2024 outlook.

Shares of Ulta Beauty tumbled as much as 14.5% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter and stiff competition, weighing on peers elf Beauty, Coty and Estee Lauder.

Ulta Beauty reported better-than-expected earnings and revenue for the fiscal Q4 2023 and revised guidance for the full-year operating margin and capital expenditure.

Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant demand for luxury skincare and fragrances and also said its longtime CFO Scott Settersten will retire in April next year.

 Ulta Beauty on Thursday raised its annual earnings and revenue forecast bolstered by resilient demand for its premium cosmetics and fragrances despite a broader decline in discretionary spending, and posted a better-than-expected quarterly profit.

For the past two years, sales at beauty-products and salon chain Ulta Beauty Inc. have ballooned, as the economy’s reopening from the pandemic — and the return to vacations, offices, restaurants and concerts — made presentability a bigger priority.