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Stock impact report

Ulta Beauty lifts annual forecasts on demand for cosmetics [BNN Bloomberg (Canada)]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
Company Research Source: BNN Bloomberg
Shares of the company, which also reported third-quarter results above estimates, were up about five per cent in trading after the bell. The cosmetic retailer enjoyed strong sales at its outlets, helped by its trendy and affordable offerings, along with marketing efforts, which helped attract shoppers, especially younger demographics. Ulta also benefits from fast-growing demand for fragrances, as well as the popularity of celebrity-owned labels on its shelves, including Rihanna's Fenty Beauty. The positive outlook comes at a time when budget-conscious consumers are pulling back on discretionary spending amid macroeconomic uncertainty, causing expectations of muted holiday spending in the U.S. this year. “As we look ahead to the all-important holiday season, we know many consumers' wallets are pressured and they are seeking value,” CEO Kecia Steelman said in a statement. Meanwhile, lower e-commerce shipping costs and inventory shrink - a term used for lost or damaged stock - Show less Read more
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