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Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. [2] Ulta Beauty carries both high-end and low-end cosmetics , fragrances , nail products, bath and body products, beauty tools and haircare products.
"In fact, last year's sales from Ulta Beauty at Target were more than 4x higher than in 2021, and this growth was almost entirely incremental," Hennington added.
At the start of this year, Ulta Beauty's management predicted net sales of $11.7 billion to $11.8 billion in 2024. That would have represented only about 4% to 5% top-line growth from 2023.
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In Q3, Ulta Beauty's same-store sales increased by almost 1%, which contributed to almost 2% growth in net sales. While that's meager growth, it was better than expected.
Same-store sales declined 1.2% year over year, a stark contrast to the 8% and 14.4% increases seen in 2023 and 2022, respectively. Ulta now projects same-store sales to fall 2% to 0% for fiscal ...
Earnings per share decreased 2.6% while revenue rose 2.7% year-over-year, as same-store sales grew just 0.4%. Gross profit rose 2.1% to $449.36 million even though Sally's gross margin declined 30 ...
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