Why Did Ulta Beauty Shares Rise After-Hours Today?
Ulta Beauty shares rose over 4% in extended trading on Thursday, after the beauty retailer raised its annual forecast following a strong quarterly report.
On Stocktwits, the retail sentiment for the stock climbed multiple notches higher, reaching an 'extremely bullish' rating (97/100), and message volume increased from 'high' to 'extremely high.'
Retail traders noted an instant surge followed by a pullback in Ulta's stock in the post-market trading session and were cautiously optimistic about gains in Friday's session.
"$ULTA The dip back to 540 was ridiculous. Great quarter, conservative guidance. Playing it safe," a user posted. "Would be very surprised if this doesn't wind up at least 550+ tomorrow."
Second-quarter sales rose 9%, and net profit came in at $5.78 per share, higher than analysts' expectations on both counts.
The multi-brand beauty retailer, which sells its branded products and those from Estee Lauder, MAC, and Clinique, bumped up its annual revenue and EPS forecast. There was growth across all major categories, driving market share growth and better-than-expected profit, CEO Kecia Steelman said in a statement.
The forecast reflects "both the strength of our year-to-date performance and our caution around how consumer demand may evolve in the second half of the year," while "near-term uncertainty persists," Steelman said.
As of last close, Ulta stock is up 22% year-to-date, more than double the gains in the benchmark S & P 500 index.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- United States Lubricants Market Growth Opportunities & Share Dynamics 20252033
- UK Digital Health Market To Reach USD 37.6 Billion By 2033
- Immigration Consultancy Business Plan 2025: What You Need To Get Started
- United States Animal Health Market Size, Industry Trends, Share, Growth And Report 2025-2033
- Latin America Mobile Payment Market To Hit USD 1,688.0 Billion By 2033
- United States Jewelry Market Forecast On Growth & Demand Drivers 20252033
Comments
No comment