This Market-Beating Stock Is at Its Cheapest Level in Years: Should You Buy Today?
Ulta Beauty(ULTA) fool.com·2024-05-27 13:00
This focus on a single niche has resonated with many shoppers. Ulta did $11.2 billion in revenue last year, up from $10.2 billion a year prior. Ten years ago, it was only doing $3 billion in annual revenue. With a $112 billion beauty-products market in the United States, the company still has a long runway to steal market share from legacy operators like department stores and mass merchandisers. As long as it keeps up its superior customer offering, I think it can do just that. Comp sales slow, but that's n ...