Posted 3/14/2024, 9:55:51 PM
Ulta Beauty Beats Earnings Estimates But Cautious on Sales Growth as Luxury Launches Cool
- Ulta Beauty posted mixed Q4 results - beating EPS estimates but lowering sales and margin forecasts
- Ulta is expanding internationally, announcing a joint venture to launch in Mexico in 2023
- Comparisons were tough this quarter due to strong luxury brand launches last year
- Ulta has expanded its skincare assortment in recent years to capitalize on trends
- The analyst views Ulta's international expansion as a "no brainer" given the size of the beauty market