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Business
Dipanjan Banchur

Should This Retail Stock Be on Your Radar Right Now?

Ulta TA Dipanjan BanchurSince Ulta Beauty Specialty Retailers Ulta Beauty Inc

The persistently high inflation has plagued consumer sentiment, affecting demand across various industries. U.S. retail sales fell more than expected in December. Purchases at stores, restaurants, and online declined 1.1% in December from the prior month. 

Despite the uncertain macroeconomic conditions, Ulta Beauty, Inc. (ULTA) announced higher-than-expected EPS and revenue in the third quarter of 2022. Its EPS was 29.3% higher than the consensus EPS estimate, and its revenue beat analyst estimates by 5.8%.

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