Ulta Beauty names new CEO, raises outlook for holiday quarter [MSNBC.com]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MSNBC.com
People walk past an Ulta Beauty store in the Manhattan borough of New York City on March 8, 2022.Carlo Allegri | ReutersUlta said in a news release that the leadership changes take effect on Monday. Steelman will also replace Kimbell on the company's board of directors.Along with announcing the executive shakeup, Ulta raised its fiscal fourth-quarter outlook because of "stronger-than-expected performance during the holiday season." The company said it now anticipates comparable sales will increase modestly and operating margin will be above the high end of the company's previous expected range of 11.6% to 12.4% of sales. In early December, Ulta said it expected comparable sales would range between a decline of 1% and flat.Shares of the company rose more than 2% in extended trading.Ulta Beauty has faced a more challenging landscape, as a wide range of retailers, including Macy's and Kohl's, chase a bigger piece of beauty sales and as customers watch their discretionary spending. At an
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News
- Macy’s Appoints Former Hermès Americas CEO To The Board. Will It Matter? [Forbes]Forbes
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- Online holiday spending rises nearly 9%, as deep discounts and AI-powered chatbots fuel purchases, Adobe data says [CNBC]CNBC
- Macy's, Inc. to Participate in the 2025 ICR Conference [Yahoo! Finance]Yahoo! Finance
- Macy’s, Inc. to Participate in the 2025 ICR ConferenceBusiness Wire
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