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ULTA Ulta Beauty News Story

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Cosmetics retailer Ulta Beauty forecasts annual profit below estimates

** Shares of cosmetics retailer Ulta Beauty ULTA.O down 7.7% at $576.60 after the bell

** Co forecast annual profit largely below estimates, weighed down by increase in marketing expenses to boost demand

** Expects annual EPS between $28.05 and $28.55, with the mid-point below expectations of $28.40, according to data compiled by LSEG

** Posts Q4 profit of $8.01 per share, compared with the estimate of $8.03

** Co however, beat sales estimates and forecast annual sales above estimates, helped by strong demand for its fragrances and skincare products

** ULTA up 39% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))

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