Ulta Beauty is a specialty beauty retailer that offers a wide range of cosmetics, fragrance, haircare, skincare products, and related accessories and services. The company manages the full development cycle of its private label products from concept through production to deliver differentiated packaging and formulas that enhance its brand image. Ulta Beauty has launched the "Conscious Beauty at Ulta Beauty" program, which recognizes branded products that meet an expanded BRSL (Beyond Restricted Substance List) and has established the Conscious Beauty Advisory Council, a coalition of experts at the forefront of clean beauty, product development, and packaging sustainability. The Ulta Beauty Collection has been certified in the Clean Ingredients and Cruelty-Free pillars within the Conscious Beauty at Ulta Beauty program. Ulta Beauty requires the suppliers of its private-label products to eliminate chemicals of high concern (CHCs) identified in a private list that goes beyond legal requirements. Ulta Beautys private label products have been certified in the Clean Ingredients and Cruelty-Free pillars within the Conscious Beauty at Ulta Beauty program. Ulta Beautys profit margin is higher this year than its five-year average, and it has a healthy growth margin of 40% . Ulta Beautys stores, e-commerce website, and mobile applications offer approximately 25,000 products across various categories and price points, including Ulta Beautys own private label and the Ulta Beauty Collection.
However, it is important to note that Ulta Beautys stock price has been volatile, and its valuation is more expensive than the S&P 500. Additionally, while Ulta Beauty has taken steps to address chemicals of high concern in its branded products, its "Conscious Beauty at Ulta Beauty" program falls short of a comprehensive policy.
