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3 Beautiful New Reasons to Buy Ulta Stock

TheMotleyFool 
0 0 08.12.23
3 Beautiful New Reasons to Buy Ulta Stock: https://g.foolcdn.com/editorial/images/757095/woman-shopping-for-beauty-products-at-a-store-or-a-spa.jpg
 

Investors are warming up to Ulta Beauty (NASDAQ: ULTA) stock again. Shares of the spa and beauty products retailer jumped in late November after management announced surprisingly strong third-quarter results. Wall Street was even more excited about the chain's improving short-term outlook as spending trends strengthened.

Let's look at why the latest operating update makes Ulta Beauty stock look even more attractive right now.

The big concern heading into this report was that Ulta Beauty would struggle to grow after posting huge sales gains a year ago. Yet comparable-store sales rose 5% in the quarter that ran through late October, on top of a 15% spike in the year-ago period. Management admitted it was surprised by that achievement. "Sales, gross profit, and [earnings per share] all exceeded our internal expectations," CEO Dave Kimbell said in a Nov. 30 press release.

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Source Fool.com

Dave+basters Enter. Stock

€48.40
-2.020%
A loss of -2.020% shows a downward development for Dave+basters Enter..

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