Ulta Beauty up after raising annual profit forecast

Shares of cosmetics seller Ulta Beauty ULTA.O up 9.5% at $461.99 in extended trading

ULTA expects annual profit to be in the range of $22.65 to $23.20 per share, vs prior forecast of $22.50 to $22.90 per share

Expects fiscal 2025 comparable sales in the range of flat to up 1.5%, vs earlier forecast of flat to up 1%

"The operating environment is fluid, and our outlook reflects uncertainty around how consumer demand could evolve" — CEO Kecia Steelman

ULTA posts Q1 sales of $2.85 billion, compared with estimates of $2.79 billion, as per data compiled by LSEG

Stock has fallen 3% YTD