Reported about 17 hours ago
Ulta Beauty reported strong fourth-quarter results, exceeding sales and profit expectations as holiday demand for cosmetics and perfumes surged, leading to a 7% increase in shares. Despite a 1.9% drop in net sales to $3.49 billion, the company surpassed estimates and delivered a profit of $8.46 per share. Looking ahead, Ulta forecasts annual sales and profit below analyst predictions amid potential economic challenges and rising costs due to upcoming trade policies.
Source: YAHOO