1021 ET - Ulta Beauty looks set to beat the competition during the second half of this year, Oppenheimer says in a research note. The beauty retailer, which reports earnings at the end of May, could see comp tailwinds related to price increases later in FY25 and in FY26 as beauty suppliers mitigate tariff headwinds, the analysts say. Ulta has limited tariff exposure with about 1% of receipts representing direct imports, they say, potentially resulting in a profit inflection in 2026. Meanwhile, struggles at Kohl's, including planned store closures, could be a positive for Ulta, Oppenheimer says. Ulta is up 2%. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

May 20, 2025 10:21 ET (14:21 GMT)

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