Ulta Beauty topped Third Quarter Results on Reopening Boost; Reports annual outlook by Investing.com
By Yasin Ebrahim
Investing.com – Ulta Beauty (NASDAQ 🙂 (NASDAQ 🙂 on Thursday raised its full-year sales outlook on Thursday after posting exceptional third-quarter results, driven by the boost from the reopening.
Shares of Ulta Beauty gained 6% in after-hours trading as a result of the report.
For 2022 as a whole, sales are expected to be between $ 8.5 billion and $ 8.6 billion, compared to earlier forecasts of $ 8.1 billion to $ 8.3 billion. This compares to Wall Street estimates of $ 8.36 billion.
Ulta Beauty reported earnings per share of $ 3.94 on revenue of $ 2.44 billion. Analysts polled by Investing.com expected EPS of $ 2.44 for revenue of $ 1.88 billion.
Comparable sales increased 25.8%, driven by a 16.8% increase in transactions and a 7.7% increase in average ticket.
Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.