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Is Ulta Beauty Stock a Buy?

TheMotleyFool

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Ulta Beauty (NASDAQ: ULTA) gave shareholders some good reasons to cheer its latest earnings report. The beauty products retailer said in its fiscal 2022 first-quarter update that it is still growing sales at a robust pace as people return to more in-person interactions. Ulta's earnings spiked, too, as it handled rising costs.

CEO Dave Kimbell and his team described a positive environment in this part of the retailing world as they raised their 2022 outlook. Let's take a closer look at why Ulta's business is looking so attractive today.

Image source: Getty Images.

Source Fool.com

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