Ulta Beauty's shares down 30% from 52-week high due to softer growth, but sales and earnings doubled over 6 years.
Ulta Beauty's shares down 30% from 52-week high, due to softer growth and reset expectations, but sales & earnings doubled over 6 years, driven by unique market positioning, 1,400 locations, in-store salons, & major online presence. Partnerships with Target & DoorDash highlight omnichannel approach, e-commerce sales strong with 44M loyalty members. Long-term strategy on track, stock value potentially higher next year.
July 13, 2024
3 Articles