Ulta Beauty Stock Price, News & Analysis

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.

Ulta Beauty has launched its retail media network, UB Media, designed to provide brands with personalized advertising opportunities. This new platform utilizes data from 37 million Ultamate Rewards members to enhance brand engagement and drive growth. UB Media features a range of advertising options, including offsite display, video, and social media, aimed at improving marketing effectiveness for partners. The initiative builds on the existing Digital Marketing Partner Program, further establishing Ulta as a key player in the beauty retail sector.

Ulta Beauty (NASDAQ: ULTA) plans to announce its financial results for the first quarter ending April 30, 2022, on May 26, 2022, after market close. A conference call will follow at 4:30 p.m. ET, hosted by CEO Dave Kimbell and CFO Scott Settersten. Interested participants can call (877) 704-4453 or join via an audio webcast on Ulta's Investor Relations website. A replay will be available for 90 days. Ulta Beauty operates over 1,300 stores nationwide and has been added to the Bloomberg Gender Equality Index, recognizing its commitment to gender equality.

Ulta Beauty (NASDAQ: ULTA) announced its participation in a Fireside Chat at J.P. Morgan’s 8th Annual Retail Round-Up Conference on April 7, 2022, at 10:00 a.m. ET. CEO Dave Kimbell, CFO Scott Settersten, and COO Kecia Steelman will be discussing the company's strategy and performance. The event will be webcast live, and a replay will be accessible for 30 days. Additionally, Ulta has been included in the Bloomberg Gender Equality Index, highlighting its commitment to gender equality.

Ulta Beauty reported a strong fiscal fourth quarter, achieving net sales of $2.7 billion, up 24.1% year-over-year, and net income of $289.4 million or $5.41 per diluted share. Comparable sales rose 21.4%, driven by increased transactions and higher average tickets. The company opened 6 new stores in the fourth quarter and is optimistic about fiscal 2022, projecting net sales of $9.05 billion to $9.15 billion and diluted EPS of $18.20 to $18.70. Challenges include managing wage and supply chain costs.

Ulta Beauty (NASDAQ: ULTA) plans to report its fourth-quarter financial results for the period ending January 29, 2022, on March 10, 2022, after market close. A conference call will take place on the same date at 4:30 p.m. ET, hosted by CEO Dave Kimbell and CFO Scott Settersten. Interested participants can join at (877) 705-6003 or via a webcast. The replay will be available for 90 days. Ulta Beauty operates over 1,300 stores across the U.S. and is recognized for its commitment to gender equality.