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Ulta's chief operating officer says high-end inventory will be locked in cabinets at 70% of stores by year end, as part of efforts to combat theft amid labor shortage; strategies include hiring security, making higher-priced products available online only

Ulta Beauty Q1 2023 Earnings Call Transcript

UBS: Ulta Beauty's Q1 results 'quite good' relative to rest of discretionary retail, but foreshadow a few risks; retailer's decline in average ticket size was a first since 2012, and its comp slowed to mid-single-digit rate exiting the quarter

Ulta Beauty executives note prices for beauty products are starting to fall as sales growth moderates after two years of significant expansion; consumers spending more selectively with inflation high, but category growth, product engagement remain strong

Zacks: Ulta Beauty's Q1 earnings and sales top estimates, driven by store traffic, member growth; skincare remains top-performing category, with mass and prestige delivering solid comparable sales growth due to newness and compelling social media content

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