Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears

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The retailer hiked its full-year outlook slightly to reflect the better-than-expected results.

The retailer fended off fears of heightened competition with rivals and cooling demand for makeup and skincare items.on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion, compared with its previous guidance for $11 billion to $11.2 billion.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyand cut its full-year outlook in August after a drop in same-store sales. It marked the first time that the retailer

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