Ulta Beauty Stock News

The US economy continued to show resilience, with gross domestic product (GDP) growing at an annualised rate of 4.3% in the third quarter – its fastest pace in about two years. Household spending was the dominant driver (up 3.5%), underscoring the strength of the American consumer.

Shares of Ulta Beauty, Inc. (ULTA) jump 2,287% since first bullish outlier inflow signal in 2010.

Ulta Beauty reported strong third-quarter results, with digital engagement rising, eCommerce up in the mid-teen range and loyalty membership growing 4% to a new high. AI-driven personalization, social-led discovery and expanded app capabilities contributed to stronger conversion across channels.

Ulta beat estimates on the top and bottom lines. New CEO Kecia Steelman has implemented a successful turnaround.

A strong quarterly report helped drive big gains for a retailer of make-up and other beauty products, while the end of a high-profile bidding war made waves in media and entertainment.

Ulta's stores and e-commerce sites are performing well. Management is confident in the company's value-focused holiday strategy.

Ulta Beauty is soaring after earnings in Friday's stock market and hitting new highs. Goldman Sachs and two oil plays are also at highs.