logo
  

Ulta Beauty Lifts FY Outlook; Shares Up 5%

While reporting third-quarter results on Thursday, Ulta Beauty, Inc. (ULTA) lifted its full-year financial outlook. Following the news, shares gained over 5% in the after-hours trading.

The beauty retailer now expects full year earnings of $16.70 to $17.10 per share and revenues of $8.5 billion to $8.6 billion.

Previously, the company had expected earnings per share of $14.50 to $14.70 and revenues of $8.1 billion to $8.3 billion.

Analysts polled by Thomson Reuters expect the company to report earnings of $15.19 per share on revenues of $8.35 billion in fiscal 2021.

The company said the revision of outlook was based on the results for the first nine months and revised expectations for consumer demand.

ULTA closed Thursday's trading at $383.64, up $13.62 or 3.68%, on the Nasdaq. The stock further gained $19.25 or 5.02% in the after-hours period.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ... Discount retailer Target Corp. is recalling about 23,400 units of Cloud Island 4-Piece Plush Toy Sets citing choking risk, the U.S. Consumer Product Safety Commission said. The recall involves toy vehicle sets, which are a soft, knitted construction and include a blue car, a yellow bus, a red tractor, and a green truck each with a rattle inside.
RELATED NEWS
Follow RTT