As social calendars fill with weddings, parties and other activities, companies in the beauty and fashion business have posted upbeat earnings reports.
“In April, we relaunched makeup services in all stores, just in time to support special events such as proms, graduations and weddings,” said Ulta Beauty Inc.
Chief Executive David Kimbell on that company’s first-quarter earnings call, according to FactSet.
Ulta reported profit and sales that sailed past expectations.
“Macy’s sales were also affected by an accelerated category shift away from the popular pandemic categories, such as casual and activewear as well as soft home, and into more occasion-based apparel, like dresses, women’s shoes, men’s clothing and furnishings,” said Macy’s Inc.
Chief Executive Jeff Gennette on the department-store retailer’s first-quarter earnings call, also according to a FactSet transcript.
“This shift accelerated faster than we expected. It contributed to an increase in store foot traffic as