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Ulta Beauty raises full-year forecast after reporting growth in all major categories

1. Ulta raises full-year sales forecast to $12-$12.1 billion. 2. Earnings per share estimated between $23.85 and $24.30. 3. Comparable sales growth expected between 2.5% and 3.5%. 4. Ulta reports strong Q2 results with $2.79 billion revenue. 5. Acquired British beauty retailer Space NK, expanding internationally.

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FAQ

Why Bullish?

Ulta's increased forecast and strong quarterly performance indicate financial health. Historically, strong earnings often correlate with positive stock movement.

How important is it?

Current forecasts and strong sales growth are crucial metrics for investor confidence. The competitive retail landscape lends urgency to this information.

Why Short Term?

Immediate positive market reaction expected from raises in forecasts. Past earnings surprises also tend to influence stock prices shortly after announcements.

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