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Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #ns - Ulta Beauty topped market expectations for first-quarter profit on Thursday, helped by steady demand for skincare and makeup as well as easing input costs.Demand for beauty and personal care products has stayed resilient in the United States despite strained discretionary budgets.Excluding items, the beauty retailer earned $6.47 per share, beating expectations of $6.24 apiece.
Lower input costs and normalizing prices for its products has also helped support margin growth at the company. According to data from Placer.ai, Ulta's foot traffic gains surpassed those in the overall beauty and wellness segment in the February through April period, signaling strength in demand for affordable luxuries in a choppy macro environment.
It now sees annual adjusted earnings per share between $25.20 and $26.00, compared with its earlier expectation of $26.20 to $27.00.
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