1505 ET - Ulta Beauty's upcoming results will be the first under newly appointed CEO Kecia Steelman in a quarter expected to be marked by cautious consumer spending for cosmetics after a solid holiday, Raymond James analysts says in a research note. Since the beginning of 2025, beauty has slowed due to near-term disruptions including wildfires, weather, and an uptick in illness. "While Ulta is unlikely to be immune from a broader beauty deceleration, the company is remaining focused on their playbook and execution to accelerate growth as 2025 progresses," the analysts say. The retailer's recent management changes, including the new CMO and chief retail officer, reflect the urgency to support the company's differentiation in stories and the loyalty program, the analysts say. Shares rise 0.1% to $355.86. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 10, 2025 15:06 ET (19:06 GMT)
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