Business and Finance Business and Finance
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ] - businesstech.co.za
Absa feels the pain
[ Fri, Dec 06th 2024 ] - Market
Automotive systems and accessories
[ Fri, Dec 06th 2024 ] - The Jamaica Observer
Business Social
[ Fri, Dec 06th 2024 ] - Winchester Star
Business briefcase
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ] - New Idea
Maggie Tabberer dies aged 87
[ Thu, Dec 05th 2024 ] - jdpower
Car Ratings from Drivers Like You
[ Thu, Dec 05th 2024 ] - The Economist
King Donald's Wizard
[ Thu, Dec 05th 2024 ] - Fox News
Fox News Politics: Defining DOGE
[ Thu, Dec 05th 2024 ] - Yardbarker
Los Angeles Lakers News

Ulta Beauty raises annual profit forecast, shares rise


Published on 2024-12-05 18:00:50 - Reuters
  Print publication without navigation

  • Cosmetics retailer Ulta Beauty raised its annual profit forecast on Thursday, signaling a bounce back in demand for perfumes and makeup during the holiday shopping season and sending its shares up more than 11.

Ulta Beauty Inc. raised its annual profit forecast on December 5, 2024, following a third-quarter performance that exceeded Wall Street expectations, driven by robust demand for makeup and skincare products. The company reported a 4.5% increase in net sales to $2.5 billion for the quarter ending October 28, with same-store sales growing by 2.5%. Ulta Beauty now anticipates full-year earnings per share to be between $25.20 and $25.60, up from the previous forecast of $25.10 to $25.50. This optimistic outlook led to a 2% rise in Ulta's shares during premarket trading. The company's success is attributed to its ability to attract customers with new product launches and loyalty programs, despite a challenging economic environment.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/ulta-beauty-raises-annual-profit-forecast-shares-rise-2024-12-05/ ]

Similar Business and Finance Articles