Ulta Beauty Unveils Long-Term Growth Strategy At 2024 Investor Day, Plans To Open 200 New Stores, Grow Loyalty Program To 50M Members By 2028, And Expand Beauty And Wellness Offerings; Reaffirms FY24 Guidance With $11.0B-$11.2B Net Sales, $3B Share Repurchase Plan, And Targets Long-Term EPS Growth
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty has announced its long-term growth strategy at the 2024 Investor Day, which includes opening 200 new stores, expanding its loyalty program to 50 million members by 2028, and enhancing its beauty and wellness offerings. The company reaffirmed its FY24 guidance with net sales between $11.0B-$11.2B and a $3B share repurchase plan, targeting long-term EPS growth.
October 16, 2024 | 12:02 pm
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Ulta Beauty plans to open 200 new stores, grow its loyalty program to 50 million members by 2028, and expand its beauty and wellness offerings. The company reaffirmed its FY24 guidance with $11.0B-$11.2B net sales and a $3B share repurchase plan, aiming for long-term EPS growth.
Ulta Beauty's announcement of opening 200 new stores and expanding its loyalty program indicates a strong growth strategy, which is likely to positively impact its stock price. The reaffirmation of FY24 guidance and a $3B share repurchase plan further supports investor confidence, suggesting a positive short-term impact on the stock.
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