Ulta Beauty Stock Price, News & Analysis

Ulta Beauty has launched the Beauty& campaign aimed at promoting inclusivity and positivity in the beauty industry. This initiative includes the introduction of a podcast, a limited-edition t-shirt collection featuring designs from notable artists, and a $200,000 donation to the Jed Foundation to support mental health. The campaign emphasizes self-esteem and self-expression and is set to be showcased nationwide through various media channels. By engaging cultural leaders and beauty influencers, Ulta aims to redefine beauty and inspire individuals to embrace their unique identities.

Ulta Beauty, Inc. (NASDAQ: ULTA) announced participation in two upcoming Fireside Chats. CEO Dave Kimbell and CFO Scott Settersten will speak at the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 1:00 p.m. ET. Additionally, Chief Digital Officer Prama Bhatt will present at the Piper Sandler Growth Frontiers Conference on September 14, 2022, at 10:30 a.m. ET. Both events will be webcast live on Ulta's investor relations page, with replays available for a limited time.

Ulta operates over 1,300 stores across the U.S. and recently joined the Bloomberg Gender Equality Index.

Ulta Beauty reported robust financial results for Q2 and H1 fiscal 2022, achieving net sales of $2.3 billion, an increase from $2.0 billion year-over-year. Comparable sales rose by 14.4%, driven by an 8.3% rise in transactions and a 5.6% increase in average ticket size. Net income surged 17.8% to $295.7 million, with diluted EPS climbing 25.0% to $5.70. The company raised its sales outlook for fiscal 2022 to $9.65 billion to $9.75 billion, reflecting strong demand and strategic innovations.

Ulta Beauty, Inc. (NASDAQ: ULTA) will report its financial results for Q2 ending July 30, 2022, on August 25, 2022, after market close. The conference call to discuss these results is scheduled for the same day at 4:30 p.m. ET, hosted by CEO Dave Kimbell and CFO Scott Settersten. Interested investors can join by calling (877) 704-4453 or via an audio webcast on the Company’s Investor Relations website. A replay will be available for 90 days after the call.

Ulta Beauty has launched Prisma Ventures, a digital innovation fund with an initial investment of $20 million focused on emerging tech startups. This initiative aims to enhance both online and in-store customer experiences through technology that promotes personalized and convenient services.

By collaborating with startups, Ulta seeks to drive industry disruption and innovation. Some of the startups already partnered include Haut.ai and Adeptmind, contributing to enhanced digital beauty experiences.

Ulta Beauty has launched its MUSE Accelerator program to support early-stage BIPOC beauty brands, accepting applications until June 30. The initiative offers $50,000 to eight selected brands, aimed at enhancing retail readiness through mentorship and resources. The 10-week program includes sessions on brand strategy, retail operations, and supply chain management, in collaboration with Venture Noire. The initiative aligns with Ulta's commitment to diversity and aims to empower emerging entrepreneurs in the beauty industry, fostering meaningful community impact.

Ulta Beauty (NASDAQ: ULTA) announced participation in two upcoming Fireside Chats. CEO Dave Kimbell and CFO Scott Settersten will speak at the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 10:50 a.m. ET, and the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Virtual Conference on June 15, 2022, at 10:30 a.m. ET. Both events will be webcast live and archived for later viewing.

Ulta Beauty is the largest beauty retailer in the U.S., operating over 1,300 stores nationwide.

Ulta Beauty reported a robust first quarter for fiscal 2022, with net sales rising to $2.3 billion, up from $1.9 billion year-over-year. Comparable sales surged by 18.0%, driven by a 10.0% increase in transactions and a 7.3% uptick in average ticket. Net income reached $331.4 million or $6.30 per diluted share, exceeding analysts' expectations. The company also raised its fiscal 2022 outlook, forecasting net sales between $9.35 billion and $9.55 billion. Additionally, Ulta repurchased $132.8 million in stock during the quarter.