The Big Risk Ulta Beauty Sees for Late 2021
Ulta Beauty's (NASDAQ: ULTA) operations are looking prettier with each passing quarter. The retailer of spa and beauty products recently announced the second straight upgrade to its 2021 outlook, following surprisingly strong sales growth.
But it isn't just the booming makeup industry that has Ulta targeting record earnings this year. As CEO Dave Kimbell and his team said in a recent conference call with Wall Street analysts, the chain is seeing a big lift from other trends that might support fundamentally higher profitability from here on out. Yet new risks are also cropping up, including a major challenge around inventory availability heading into the holidays.
Let's take a closer look at at these risks and opportunities ahead for the company:
Source Fool.com
