Ulta Beauty is warning about consumer ’uncertainty.’ It still nudged its forecast higher.

Shares of Ulta Beauty rallied after hours on Thursday as the cosmetics retailer grew slightly more upbeat on the year ahead — while still warning its outlook reflected “uncertainty around how consumer demand could evolve” amid concerns over tariffs and inflation.

May 29, 2025 - 22:20
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Ulta Beauty is warning about consumer ’uncertainty.’ It still nudged its forecast higher.
Shares of Ulta Beauty rallied after hours on Thursday as the cosmetics retailer grew slightly more upbeat on the year ahead — while still warning its outlook reflected “uncertainty around how consumer demand could evolve” amid concerns over tariffs and inflation.