Story perspectives
Ulta Beauty CEO Dave Kimbell Retires; Stock Soars 3%
1/7/2025
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Story summary
- Dave Kimbell has retired as CEO of Ulta Beauty after 11 years, effective immediately.
- Kecia Steelman, former President and COO, will take over as CEO and join the board.
- Ulta anticipates modest sales growth and an operating margin of 11.6-12.4% for the fourth quarter.
- Kimbell will continue as an advisor until June 28, 2025.
- Following the announcement, Ulta's stock increased by 3%.
