Ulta Beauty raises annual profit forecast
02/06/2026 21:12
Ulta Beauty raises annual profit forecast June 2 (Reuters) - Cosmetics retailer Ulta Beauty ULTA.O raised its annual profit forecast on Tuesday, banking on lower inventory-related losses and high-priced merchandise to shield margins from increased expenses toward store expansion and marketing.
The company expects full-year earnings per share to be between $28.36 and $28.80, compared with its prior forecast of $28.05 to $28.55.
Its shares were up about 5% in extended trading.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shilpi Majumdar)
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