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...A warning on softer US consumer demand for beauty products from Ulta Beauty executives put the company’s stock on course for its biggest fall since the pandemic and weighed on the shares of rival cosmetics...
...It deserves chunky discounts to US beauty giant Ulta, on 14 times ebitda, and European retailers such as Inditex, on 12 times ebitda....
...Among individual stock moves in the index, Ulta Beauty was the worst performer. The cosmetics retailer fell 15.3 per cent, its biggest daily drop since 2020, after warning of slowing demand....
...Shares in US-listed Ulta and e.l.f. have also suffered. Despite this, Puig’s mooted valuation looks achievable....
...Earnings: Several retailers report results, including Dick’s Sporting Goods and Dollar General in the morning, and Ulta Beauty after the closing bell. Software group Adobe reports after the close....
...The offering is coming at a steep discount to Ulta, but the dynamics of the US market are very different. And with a $27bn market cap, Ulta is a much larger company....
...PC maker Dell and beauty store chain Ulta report their results after the market closes....
...Results: Several retailers report results, including Dick’s Sporting Goods and Dollar General in the morning, and Ulta Beauty after the closing bell. Software group Adobe reports after market close....
...The company sells its make-up online and via retailers including Superdrug in the UK and beauty chain Ulta in the US....
...The company sells its affordable make-up online and via retailers including Superdrug in the UK and beauty chain Ulta in the US....
...Shares of cosmetics retailer Ulta Beauty rose 4.2 per cent after an advisory firm upgraded the company to a ‘buy’ rating and increased its price target....
...That has made specialist retailer Ulta Beauty one of the few winners in a sector marred by inventory pile-ups and profit warnings....
...Foot Locker appointed the former head of salon chain Ulta Beauty as its new chief executive, making the sneaker seller the latest US retailer to announce leadership changes against a backdrop of slowing...
...The group sells beauty products directly online as well as through collaborations with chains such as Superdrug and Boots in the UK and Ulta in the US....
...Scott Settersten, Ulta Beauty’s chief financial officer, recently told analysts: “Coming into 2023, we thought the shrink trends were going to moderate a little bit because of some of the investments we...
...Revolution was launched in 2014 and sells beauty products directly online as well as through retailers such as Boots and Superdrug in the UK and Ulta Beauty in the US....
...Ulta in the US, attracted investors with a promise of capitalising on consumers’ shift to online shopping....
...Foot Locker named Mary Dillon, former head of salon chain Ulta Beauty, as its new chief executive following Richard Johnson’s retirement. Target shares were flat in pre-market trading....
...Beauty retailer Ulta said in its last earnings call that gains in its third quarter gross margin would have been higher had it not been for inventory shrink....
...Other companies: Retailers Burlington and Abercrombie & Fitch report before the bell, while computer company Dell, retailer Gap and beauty company Ulta announce earnings in the afternoon....
...In the US, the “prestige beauty” market, which includes products sold via specialists such as Ulta and department stores, grew robustly last year to $22bn, or 7 per cent above 2019 levels, according to market...
...Other earnings: Big box retailer Costco Wholesale and cosmetics store operator Ulta Beauty will report earnings after the bell....
...Also reporting are Burlington Stores and Abercrombie & Fitch before the bell, while computer company Dell, retailer Gap and beauty company Ulta announce earnings this afternoon....
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