Ulta Beauty CEO Dave Kimbell retires; COO Kecia Steelman takes over as shares rise.

Ulta Beauty announced that CEO Dave Kimbell will retire, to be replaced by Chief Operating Officer Kecia Steelman. The company also raised its fourth-quarter outlook, expecting higher operating margins and modest growth in sales, driven by strong holiday performance. Shares of Ulta Beauty rose over 2% in response to the news.

3 months ago
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