Ulta posts strong holiday quarter as shoppers squeeze makeup into their budgets
Publishing timestamp: 2023-03-09 16:07:14
Summary
Ulta Beauty exceeded expectations for Q4 earnings and revenue, with sales boosted by the resilience of the beauty category and the trend of consumers budgeting for affordable luxuries like makeup and wellness products. The company expects further growth in 2023, with revenue concentrated mostly in the first half of the year. Ulta is also expanding its footprint, opening new stores and partnering with Target, while working on revamping its e-commerce platforms.
Sentiment: POSITIVE
Keywords: business, retail industry, ulta beauty inc, business news, earnings, target corp,
Source: https://www.cnbc.com/2023/03/09/ulta-beauty-ulta-earnings-q4-2022.html