Ulta Beauty news and archive

Ulta Beauty lowers full year sales and earning guidance

Second quarter net sales at Ulta Beauty increased by 0.9 percent to 2.6 billion dollars due to new store contribution and growth in other revenue, while comparable sales decreased 1.2 percent. Based on these results, Ulta Beauty has lowered its outlook and now expects full year net sales to be in the range of 11 billion to 11.2 billion dollars...

Business |Beauty Featured

Myavana raises 5.9 million US dollars to drive hair innovation

US-based Myavana, a pioneer in Black-led AI-driven personalised haircare technology, has closed a 5.9 million US dollar funding round led by Prisma Ventures, Ulta Beauty's innovation fund. Other backers in the round included H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures,...

Business

Ulta Beauty ups guidance for FY24

Net sales at Ulta Beauty increased 3.5 percent to 2.7 billion dollars driven by increased comparable sales, new store contribution, and growth in other revenue. For FY24, the company expects net sales to be in the range of 11.7 billion dollars to 11.8 billion dollars, comparable store sale growth between 4 percent to 5 percent and diluted...

Fashion

Model Bella Hadid launches fragrance with new Orebella brand

Model Bella Hadid has launched a fragrance collection in partnership with Celebrands. A set of three scents dubbed as skin perfume will launch with Ulta Beauty on May 2nd, and is being marketed as an alchemy line that is alchohol free and infused with natural oils. Celebrands is company that brings capital and operational resources to...

BusinessFeatured

Ulta Beauty posts 2.5 percent increase in Q4 comparable sales

Fourth quarter net sales at Ulta Beauty increased 10.2 percent to 3.6 billion dollars due to increased comparable sales, new store performance, strong growth in other revenue, and the benefit of an extra week of sales in fiscal 2023. Comparable sales increased 2.5 percent, driven by a 4.5 percent increase in transactions and a 1.9 percent...

Retail |Beauty

Ole Henriksen to expand reach in the US with Ulta Beauty

Scandinavian skincare brand Ole Henriksen is expanding its reach in the US with a new retail partnership deal with Ulta Beauty. From January 1, 2024, Ole Henriksen will be available to shop at 700 select Ulta Beauty stores nationwide and online at ulta.com, as the skincare brand looks to expand its brand reach and consumer base. The beauty...

Business

Ulta Beauty sees notable Q3 sales increase, outlines CFO transition plan

Cosmetics retailer Ulta Beauty has reported “another strong performance” for the third quarter of 2023 – the 13-week period ended October 28, 2023 – with net sales reaching 2,488.9 million dollars, up 6.4 percent from 2,333.8 million in the year prior. Comparable sales for the period rose 4.5 percent compared to an increase of 14.6 percent,...

Business

Ulta Beauty names COO Kecia Steelman president

American retailer Ulta Beauty has announced the appointment of its chief operating officer Kecia Steelman to president, assigning her the responsibility of both roles simultaneously. In the two positions, Steelman will oversee corporate strategy, information technology, store operations, supply chain and loss prevention, as well as Ulta Beauty’s...

BusinessFeatured

Ulta Beauty posts Q2 sales growth, raises forecast

For the second quarter net sales at Ulta Beauty increased 10.1 percent to 2.5 billion dollars due to increased comparable sales, strong new store performance, and growth in other revenue. Comparable sales increased 8 percent driven by a 9 percent increase in transactions and a 1 percent decrease in average ticket. For the six months period net...

Business

Rabanne takes first steps into beauty, Ulta becomes exclusive partner

Luxury fashion and fragrance brand Rabanne is set to explore a new venture in the form of its first beauty collection. The line has initially launched on the brand’s own website, but is set to appear exclusively at select Ulta Beauty stores and Ulta’s e-commerce site starting in October. Rabanne Beauty is being led by industry veteran and...

Business

Ulta Beauty sales increase 12.3 percent for Q1, 2023

Ulta Beauty has reported another increase in its net sales for the 13-week period ended April 29, 2023, rising 12.3 percent to 2.6 billion dollars, compared to 2.3 billion dollars in the same period last year. The retailer said the results came due to an increase in comparable sales, which rose 9.3 percent, a strong new store performance and...

Business |Beauty

Live Tinted secures 10 million US dollars

Clean and inclusive beauty brand Live Tinted has closed a 10 million US dollar Series A funding round led by Monogram Capital Partners, with support from Unilever Ventures, Devonshire Investors and Silas Capital. The fresh capital brings the total funding raised to date to 15 million US dollars, with Live Tinted adding that the money will be...