ULTA - ULTA Beauty: Another Chance To Accumulate
2024-05-08 11:35:17 ET
Summary
- FY2023 results beat estimates, but weak guidance for Q1 FY2024 has pushed the stock down. This is short-sighted in my opinion.
- ULTA announced plans to expand internationally, starting with a joint venture in Mexico. Big potential to expand into Latin America.
- Short-term weakness in share price provides an opportunity to accumulate shares, anticipating growth in FY2025 and beyond.
Ulta Beauty ( ULTA ) is America's largest beauty retailer with around 1400 stores across the US. The company is specialized in selling beauty products such as cosmetics and skincare. For more background information on the company, please refer to my original bull thesis: " Time to Re-Accelerate "....
ULTA Beauty: Another Chance To Accumulate