Ulta Beauty, a leading specialty beauty retailer, announced on Monday that CEO Dave Kimbell will retire after 11 years with the company and will also step down from the Board of Directors. Kecia Steelman, currently serving as President and Chief Operating Officer (COO), has been appointed to succeed Kimbell as CEO and will join the Board effective January 6, 2025. Steelman has held her current position since 2023.
Kimbell will continue to serve as an advisor to Ulta Beauty until June 28, 2025. In addition, the company has revised its fourth-quarter financial outlook upwards, in light of stronger-than-expected performance during the holiday season.
Considering sales trends observed so far this quarter, the company now anticipates a modest increase in comparable sales, with the operating margin expected to surpass the earlier forecasted range of 11.6% to 12.4% for the fourth quarter of fiscal year 2024.
On Monday, ULTA shares closed at $431.30, a slight decrease of 0.01 percent or $0.05, on the Nasdaq.
The material has been provided by InstaForex Company - www.instaforex.com
Kimbell will continue to serve as an advisor to Ulta Beauty until June 28, 2025. In addition, the company has revised its fourth-quarter financial outlook upwards, in light of stronger-than-expected performance during the holiday season.
Considering sales trends observed so far this quarter, the company now anticipates a modest increase in comparable sales, with the operating margin expected to surpass the earlier forecasted range of 11.6% to 12.4% for the fourth quarter of fiscal year 2024.
On Monday, ULTA shares closed at $431.30, a slight decrease of 0.01 percent or $0.05, on the Nasdaq.
The material has been provided by InstaForex Company - www.instaforex.com