Ulta Beauty Raises FY23 Revenue Outlook From $10.95B-$11.05B To $11B-$11.1B Vs $11.12B Est.
Portfolio Pulse from Happy Mohamed
Ulta Beauty has raised its fiscal 2023 revenue outlook from $10.95B-$11.05B to $11B-$11.1B, slightly below the $11.12B estimate. Other financial metrics, such as comparable sales, new stores, and share repurchases, remain unchanged.
May 25, 2023 | 8:09 pm
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Ulta Beauty raises its FY23 revenue outlook, but the updated range is still slightly below the estimated $11.12B.
Ulta Beauty has raised its revenue outlook for fiscal 2023, which could be seen as a positive sign for the company's growth. However, the updated range is still slightly below the estimated $11.12B, which may limit the positive impact on the stock price in the short term. Other financial metrics remain unchanged, indicating no significant changes in the company's overall performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100