Ulta Beauty (ULTA, Financial) shares surged after the company reported fourth-quarter results that surpassed Wall Street expectations. The newly appointed CEO expressed confidence that the company would remain largely unaffected by trade conflicts.
In its post-market announcement, Ulta Beauty revealed a quarterly profit of $8.46 per share, significantly higher than the analyst consensus of $7.12 per share. Additionally, same-store sales exceeded forecasts, further boosting investor confidence.
During trading, Ulta Beauty's stock rose 7.6%. Despite this positive performance, the stock had previously declined 28% for the year up to the market close prior to the earnings report.
