From Financial Modeling Prep: 2024-12-06 11:22:00

Ulta Beauty (NASDAQ:ULTA) boosts 2024 outlook due to high demand for skincare and makeup products, leading to a 9% surge in shares. Q3 adjusted earnings per share rise to $5.14 from $5.07, with net sales hitting $2.49 billion. Strong sales trends and financial discipline drive better-than-expected performance despite economic challenges.

Ulta’s upwardly revised fiscal 2024 guidance predicts adjusted earnings per share between $23.20 to $23.75, up from $22.60 to $23.50. Net sales forecast also raised, now ranging from $11.1 billion to $11.2 billion, compared to the previous $11.0 billion to $11.2 billion. Resilient demand for beauty and personal care products in the U.S. contributes to the positive outlook.



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