Ulta Beauty rises after lifting annual sales, profit forecasts
27/08/2026 21:16
BUZZ-Ulta Beauty rises after lifting annual sales, profit forecasts ** Shares of Ulta Beauty ULTA.O rise ~2% to $549 in extended trading
** The cosmetics retailer raises annual sales and profit forecasts, betting that marketing and product assortment investments would drive demand even as macroeconomic uncertainty looms
** Expects FY sales to grow between 6.7% and 7.2%, up from its prior forecast of 6% to 7%
** Sees annual earnings per share in the range of $28.70 to $29, compared with its prior forecast of $28.36 to $28.80 per share
** Median PT of 28 brokerages covering the stock is $635 - data compiled by LSEG
** Up to last close, stock down ~11% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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