Magnificence | Ulta Magnificence is launching in Mexico in 2025.

Ulta Magnificence is making its worldwide debut in Mexico subsequent yr.

Bolingbroke, the beauty-based magnificence retailer has introduced a three way partnership with Axo, a world manufacturers operator, to launch and function Ulta in Mexico in 2025.

The announcement got here on the identical day that Estée Lauder Cos. Fabrizio Freda, Chief Govt Officer, highlighted Mexico as a high-performing rising marketplace for the wonder firm.

Dave Kimble, CEO of Ulta, mentioned: “Worldwide enlargement represents an extra, long-term alternative for Ulta Magnificence to broaden our attain and leverage our differentiated worth proposition.”

In 2019, the retailer introduced a Canadian launch underneath earlier CEO Mary Dillon, but it surely by no means materialized.

Information of the Mexican three way partnership got here in Alta’s fourth-quarter earnings for the interval ending Feb. 3.

Internet gross sales elevated 10.2 p.c year-over-year to $3.6 billion, in comparison with $3.2 billion, primarily on account of a rise in comparable gross sales. Wall Road had forecast $3.53 billion. Internet earnings rose 15.7 p.c to $394.4 million, in comparison with $340.8 million.

Skincare was its best-performing class, delivering double-digit cumulative development. Dermatologist-recommended manufacturers continued to attraction to shoppers, fueling the expansion of La Roche Pose, Dermalogica and Cetaphil on the retailer.

The perfume class additionally posted low double-digit decline development, whereas make-up class gross sales declined within the low single-digit vary. Within the latter, softening in Waqar Cosmetics was partially offset by a rise in mass make-up.

Elsewhere, comp gross sales for the hair care class declined within the mid-single-digit vary, primarily on account of declines in hair instruments and stronger model launches in 2022.

“We closed 2023 with a better-than-expected fourth quarter monetary efficiency. Our compelling trip plans and thoughtfully designed structure resonated with our friends and delivered wholesome visitors, report model consciousness and robust member development. delivers,” mentioned Kimble. “We enter 2024 pushed by sturdy top-line and bottom-line development, constructing on our core capabilities and unlocking additional advantages of our differentiated mannequin. can go.”

For fiscal 2024, the retailer is forecasting web gross sales of $11.7 billion to $11.8 billion and decrease earnings per share of $26.20 to $27. Alta plans to open between 60 and 65 new shops a yr.