Ulta Beauty (ULTA) shares surged to a record high on Friday after the cosmetics and fragrance retailer posted earnings that topped analysts' estimates and raised its outlook.
Ulta Beauty Inc (NASDAQ:ULTA) shares surged more than 14% on Friday to trade at about $610 after the beauty retailer reported fiscal third quarter results that exceeded Wall Street expectations and raised its full-year guidance. Earnings per share came in at $5.14, surpassing analyst estimates of $4.55 and matching the prior-year figure.
Ulta Beauty (ULTA) delivered a blowout Q3, beating estimates with 12.9% revenue growth and significant margin expansion, driving a 'strong buy' rating. ULTA's acquisition of Space NK, robust digital growth, and exclusive brand traction are fueling market share gains and a modernized customer experience. Management raised FY'25 guidance but appears conservative; margin expansion and share repurchases provide further upside potential.
| Specialty Retail Industry | Consumer Discretionary Sector | Kecia L. Steelman CEO | LSE Exchange | US90384S3031 ISIN |
| US Country | 20,000 Employees | 16 Mar 2012 Last Dividend | - Last Split | 25 Oct 2007 IPO Date |
Ulta Beauty, Inc. is a recognized leader in the beauty industry, with a business model that revolves around operating specialty retail stores across the United States. Founded in 1990 and headquartered in Bolingbrook, Illinois, Ulta Beauty has carved a niche for itself by offering a wide array of cosmetics, fragrances, haircare, and skincare products. This extensive product range is complemented by related accessories and a variety of salon services, making it a one-stop shop for beauty enthusiasts. By distributing its products through an integrated network of stores, its website, and mobile applications, Ulta Beauty ensures a seamless shopping experience for its customers. Its commitment to providing both branded and private label beauty products underlines the company's dedication to quality and diversity in the beauty retail sector.