Jun. 13 at 2:50 PM
Oppenheimer on
$ULTA
'he company does not comment on business trends intra-quarter. We overall walked away incrementally upbeat on both
$ULTA's near- and longer-term prospects. We believe the company under new CEO Kecia Steelman's leadership is well positioned to drive both a top-line and bottom-line acceleration in FY26. The fruits of CEO Steelman's efforts appear to be already resonating as evidenced by a much stronger than planned Q1 delivery and
$ULTA returning to market share gains. Please see our top ten takeaways in the full report, published today. Consistent with our strategy lately, we would continue to take advantage of any dips.
$ULTA remains our top beauty pick.'
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