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The company now expects comparable sales to be up as much as 4.7 percent in the current fiscal year. Ulta guided in August for that figure to be up as much as 3.5 percent. It also raised its outlook for net sales and earnings per share.
The results are the latest sign that US demand for cosmetics is weathering economic uncertainty and deteriorating consumer sentiment as a post-pandemic boom in beauty products persists.
The stock jumped 4.9 percent at 4:25 p.m. in extended trading in New…
