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Ulta shares pop as beauty retailer hikes sales and earnings outlook for second straight quarter [MSNBC.com]
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Ulta BeautyThe beauty retailer said it now expects net sales for the year to be approximately $12.3 billion, higher than its previous expectations of $12 billion to $12.1 billion. That would would represent an increase from last fiscal year's net sales of $11.3 billion. It expects earnings per share of $25.20 to $25.50, up from its prior expectations of $23.85 to $24.30.It anticipates comparable sales, a metric that includes sales at stores open at least 14 months and e-commerce sales, to rise by 4.4% to 4.7%, up from its prior outlook of 2.5% to 3.5%.Ulta hasraised its sales and profit outlookIn a news release, CEO Kecia Steelman said "exciting assortment newness, improved in-store and digital experiences, and bold marketing efforts are resonating with our guests and drove strong sales results."On the company's earnings call, she said that Ulta is "pleased with our Black Friday and Cyber Monday performance" and ready for the shopping season — even one when consumers may be more ive a
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