Ulta Beauty Inc at SHARE Series Women in Investing Event Transcript
Thank you. Good morning, everyone. As Shannon mentioned, my name is Katy Hallberg, and I'm a Vice President at TD Cowen, covering retail department stores and luxury names, and I have the pleasure of hosting Kiley Rawlins today, VP of Investor Relations at Ulta, and she's been with Ulta since 2019. At TD Cowen, [we] Ulta outperform with a $570 price target based on 20x our next year earnings and Ulta is also one of our top holiday picks because we believe beauty will remain in a very important category this holiday season, and it continues to outperform on innovation in masks, skincare and fragrance.
We also believe the Ultimate Rewards loyalty program is a key differentiator, which I'm sure we'll get to talk about this morning. So now I'll turn it to Kiley for prepared remarks, and then we can jump into Q&A.
Great. Thank you, Katy. And thank you, Shannon, for organizing this. And I wish I was there in person with you in New York for the
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