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, raising its EPS and sales guidance, while e.l.f. Beauty extended its year-to-date gains. The rebound is seen as a targeted sector move amid a weaker broader market, with investors watching if Ulta reclaims pre-earnings levels and if e.l.f. holds gains. Target's stock declined slightly after ending a partnership with Ulta, launching its own beauty concept instead. Investors are advised to treat these rebounds as tactical opportunities rather than trend confirmations, awaiting further quarterly reports and retail sector data for clarity.
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...
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, boos...
