Ulta Beauty (ULTA) Tops Q4 Earnings Estimates, Forms JV With Axo

Ulta Beauty, Inc. (ULTA) posted strong fourth-quarter fiscal 2023 results, wherein both top and bottom lines improved year over year and beat the Zacks Consensus Estimate.Results were backed by the success of the company’s holiday season strategies and carefully curated product selection, which resonated well with customers. These factors led to increased traffic, greater brand recognition, and robust member growth. Moving into 2024, the company is well-positioned for continued revenue and earnings per shar ...