Ulta Beauty up after raising annual profit forecast

Ulta Beauty

29/05/2025 22:01

** Shares of cosmetics seller Ulta Beauty ULTA.O up 9.5% at $461.99 in extended trading

** ULTA expects annual profit to be in the range of $22.65 to $23.20 per share, vs prior forecast of $22.50 to $22.90 per share

** Expects fiscal 2025 comparable sales in the range of flat to up 1.5%, vs earlier forecast of flat to up 1%

** "The operating environment is fluid, and our outlook reflects uncertainty around how consumer demand could evolve" — CEO Kecia Steelman

** ULTA posts Q1 sales of $2.85 billion, compared with estimates of $2.79 billion, as per data compiled by LSEG

** Stock has fallen 3% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))