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Ulta Beauty Stock Is Rising After Hours: Here's Why - Ulta Beauty (NASDAQ:ULTA)

  • Ulta Beauty appointed Kecia Steelman as its new CEO, effective immediately, succeeding Dave Kimbell, who will retire from the position and the board of directors.
  • Kecia Steelman has been with Ulta since 2014 and was previously the Chief Operating Officer and President.
  • Ulta updated its fourth-quarter guidance, expecting modest sales growth and an operating margin above the previous range of 11.6% to 12.4%.
  • Following the CEO transition announcement, Ulta Beauty shares rose by 2.48% in after-hours trading.
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