Reported 2 days ago
Ulta Beauty has announced that Kecia Steelman will succeed retiring CEO Dave Kimbell, who held the position for nearly four years and led the company to over $11 billion in annual revenue. The retailer predicts strong fourth-quarter sales, boosted by holiday demand, and expects its operating margin to surpass earlier estimates. Despite a competitive landscape and previous sales forecast cuts, analyst support for Steelman’s appointment remains cautious.
Source: YAHOO