Ulta's $11 Billion Success: The Beauty Retail Giant That Thrived Under the Radar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 07 2025
0mins
Should l Buy WMT?
Source: Benzinga
Ulta Beauty's Business Model: Ulta Beauty, founded by Richard George and Terry Hanson, has grown into a $11 billion beauty retail empire by offering a wide range of products from both high-end and affordable brands, making it a one-stop shop for beauty consumers.
Customer Loyalty and Trust: The retailer has built significant customer loyalty, with a loyalty program boasting 46 million members that accounts for 95% of purchases, establishing Ulta as a trusted authority in the beauty industry.
Recent Developments: Ulta recently opened its 1,500th store and launched the UB Marketplace to compete with major e-commerce platforms like Amazon and Walmart, aiming to enhance its product offerings and customer experience.
Future Growth Potential: The company plans to rapidly scale its UB Marketplace over the next 12-18 months, which could create new revenue streams and further increase its earnings.
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Analyst Views on WMT
Wall Street analysts forecast WMT stock price to fall
26 Analyst Rating
25 Buy
1 Hold
0 Sell
Strong Buy
Current: 130.200
Low
119.00
Averages
125.75
High
136.00
Current: 130.200
Low
119.00
Averages
125.75
High
136.00
About WMT
Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as eCommerce Websites and mobile applications, located throughout the United States (U.S.), Africa, Canada, Central America, Chile, China, India and Mexico. It operates in three reportable segments: Walmart U.S., Walmart International and Sam's Club U.S. The Walmart U.S. segment includes the Company's mass merchandising concept in the U.S., as well as eCommerce, which includes omni-channel initiatives and certain other business offerings such as advertising services. The Walmart International segment consists of the Company's operations outside of the U.S. through its subsidiaries, as well as eCommerce and omni-channel initiatives. The Sam's Club U.S. segment includes the warehouse membership clubs in the U.S., as well as samsclub.com and omni-channel initiatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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