MARKETS

Ulta Beauty’s stock up 11.7% and on track for biggest one-day gain since May of 2022

Ulta Beauty Inc.’s stock
ULTA,
+10.79%
rose 11.7% Friday to put it on track for its biggest one-day percentage gain since May 27, 2022, when it rose 12.5%, according to Dow Jones Market Data. The stock has gained for seven straight days, chalking up a 17.5% gain in the period. The stock rallied after-hours Thursday, after Ulta beat third-quarter consensus estimates for profit, sales and same-store sales and tightened its guidance by raising the low end of the range. The stock is up 0.5% in the year to date, while the S&P 500
SPX,
-0.18%
has gained 19%.

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