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Ulta Beauty reports robust Q1 earnings, boosts 2025 outlook as beauty spending holds strong.
Ulta Beauty reported stronger-than-expected Q1 earnings and revenue, with net sales up 4.5% to $2.8 billion.
The company raised its fiscal 2025 earnings guidance due to increased comparable sales and new store contributions.
Goldman Sachs upgraded the stock to "Buy," citing the company's strong brand and unique market position.
Ulta's CEO noted that consumers are prioritizing beauty products despite economic uncertainty, supporting the company's performance.
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Ulta Beauty reporta ganancias robustas en el primer trimestre, lo que mejora las perspectivas para 2025, ya que el gasto en belleza se mantiene fuerte.