Ulta Beauty CEO outlines plans to boost sales after first-quarter slowdown, shares jump 11%
Publishing timestamp: 2024-05-30 18:20:08
Summary
Ulta Beauty reported a slowdown in first-quarter earnings, but outlined plans to boost sales and gain market share. The company is taking action in various areas to accelerate growth, including strengthening assortment, enhancing digital experience, and expanding partnerships. Despite the slowdown, Ulta's shares gained about 11% in extended trading. The company revised its full-year guidance, lowering expectations for net sales and comparable sales. Analysts have mixed views on the beauty category, with some seeing resilience while others are cautious.
Sentiment: MIXED
Tickers: ELF, ULTA, DASH, UNDEFINED,
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Source: https://www.cnbc.com/2024/05/30/ulta-beauty-ulta-earnings-q1-2024.html