Ulta Beauty reported strong Q2 results with $3 billion in revenue and $6.55 earnings per share, both surpassing analyst estimates. The company saw a 3.8% increase in comparable sales and expanded its loyalty program to 47 million active members, boosting customer spending. Following this performance, Ulta Beauty raised its full-year sales growth forecast to 6.7%-7.2% and earnings per share guidance to $28.70-$29.00. Raymond James reiterated a Strong Buy rating with a new price target of $700, indicating nearly 30% upside potential for investors.
Ulta Beauty and e.l.f. Beauty stocks reversed Friday's post-earnings selloff, rising 4% and 5% respectively after both companies beat Q2 earnings estimates and raised their full-year outlooks. Ulta Beauty posted strong net income and revenue growth, ...
Ulta Beauty's stock dropped 4% after it reported better-than-expected Q2 earnings and raised its full-year guidance, including higher sales and earnings per share targets. The company showed strong growth in e-commerce and fragrance categories, but i...
