Earnings

Ulta Beauty (ULTA) Q3 2023 earnings

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Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they’re willing to spend on fragrances, skin care and more even when the budget is tight.

The specialty beauty retailer raised the bottom end of its range for full-year sales and earnings expectations. It said it expects net sales for the fiscal year to be between $11.10 billion and $11.15 billion, and comparable sales to range from 5.0% to 5.5%. It said adjusted earnings per share for the year will range from $25.20 to $25.60.

On an earnings call with investors, CEO Dave Kimbell said the retailer saw healthy traffic at its stores and on its website….



Source cnbc.com

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