Shares of Ulta Beauty (ULTA) are trading lower after the closing bell on Thursday as the company posted its fourth quarter earnings: the report revealed an adjusted EPS of $8.08 against an estimated $7.57. While the company lifted its fiscal year 2024 outlook, it lowered its comparable sales and operating margins forecast. Jane Hali & Associates Senior Research Analyst Jessica Ramirez joins the Live show to discuss the company's earnings, outlook, and performance moving forward. Apart from introducing and expanding its skincare category, Ulta has other positive developments on the horizon, Ramirez signals: "They did bring in a lot of those luxury brands in, so those comparisons are very tough, those prices were much higher. I do think this year we might see normalizing within pricing, and in terms, they did announce expanding into Mexico, which I think that's great. I think that's definitely a market. Sephora is there, so it's going after its competitor. They do have the beauty that it is entry-level...so I think that's still a positive for them. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Read more --->