Ulta has increased its fourth quarter and fiscal 2022 full-year outlook on strong third-quarter comparable store sales growth of 14.5%. Mass beauty is outperforming prestige, but CEO David Kimbell said “it’s hard to know for certain if we are starting to see consumers trade down.”
Ulta Beauty, Inc. has high expectations for the holiday season and is increasing its full-year sales estimates accordingly.
“The holiday season is in full flow, and our teams are executing well. While predicting holiday shopping patterns this year...