India, March 14 -- Shares of Ulta Beauty Inc. (ULTA) gained around 7 percent in the after-hours trading on Thursday after the specialty beauty retailer reported fourth-quarter earnings above market estimates, and issued fiscal 2025 outlook, expecting higher sales. The company also announced plans for share repurchases of approximately $900 million for fiscal 2025.
Meanwhile, earnings for the new year are expected to be lower than last year and below market estimates, with sales in line or below the Street.
Kecia Steelman, president and chief executive officer, said, "I am incredibly optimistic about the future of Ulta Beauty, as I believe we have the right elements to drive our success - a strong business model, an ambitious long-term pla...