Ulta Beauty raises annual sales, profit forecasts | live
Aug 27 (Reuters) - Cosmetics retailer Ulta Beauty raised its annual sales and profit forecasts on Thursday, betting that marketing and product assortment investments would drive demand even as macroeconomic uncertainty looms. The company expects full-year sales to grow between 6.7% and 7.2%, up from its prior forecast of 6% to 7%. It now expects fiscal 2026 comparable sales to grow in the range of 3.2% to 3.7%, compared with a prior forecast of a 2.5% to 3.5% rise.
Aug 27 (Reuters) - Cosmetics retailer Ulta Beauty raised its annual sales and profit forecasts on Thursday, betting that marketing and product assortment investments would drive demand even as macroeconomic uncertainty looms. The company expects full-year sales to grow between 6.7% and 7.2%, up from its prior forecast of 6% to 7%. It now expects fiscal 2026 comparable sales to grow in the range of 3.2% to 3.7%, compared with a prior forecast of a 2.5% to 3.5% rise.
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