02:24 PM EDT, 06/25/2025 (MT Newswires) -- Ulta Beauty ( ULTA ) named an interim chief financial officer on Wednesday after Paula Oyibo departed the beauty products retailer as head of finance.

Chris Lialios, the company's senior vice president and controller, will serve as interim CFO while an external search for a permanent replacement continues. Oyibo, who joined Ulta in 2019, became CFO in April 2024.

The retailer didn't specify the reason for Oyibo's departure. Its shares were down 1.2% in afternoon trade, but are up 5.5% this year so far.

Lialios has been with Ulta since 1999, holding various positions within the finance function.

"We're confident that his deep familiarity with our business coupled with his financial expertise and leadership style will ensure a smooth transition," Chief Executive Kecia Steelman said in a statement.

Ulta said it continues to expect earnings per share of $22.65 to $23.20 for fiscal 2025, with comparable store sales still expected to be flat to up 1.5%.

Analysts polled by FactSet are projecting full-year EPS to decline to $23.41 from the previous year's $25.34, and same-store sales growth of 1.4%. Reported sales are forecast to increase to $11.66 billion from $11.3 billion.

Last month, the company reported EPS of $6.70 a share for the fiscal first quarter ended May 3, up from $6.47 a year earlier. Net sales rose 4.5% year on year to $2.85 billion, while comparable sales grew 2.9%.

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