Ulta Beauty's Q3: Double-Digit Growth & Exclusive Brands
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Fridays
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Ulta Beautys Q3 results exceeded expectations with robust sales growth, driven by improved in-store experiences, a thriving loyalty program, and new brand launches. E-commerce sales surged, and the loyalty program reached a record 46.3 million members. Revenue hit $2.86 billion, earnings per share beat estimates, and the company raised its full-year revenue forecast. While some analysts raised questions about future expenses and product pipeline, Ulta plans to focus on digital initiatives, app engagement, cost management, and potential international expansion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
