Reported 1 day ago
Ulta Beauty's stock surged nearly 15% following a report of better-than-expected earnings and revenue, fueled by a 2.9% growth in comparable store sales. The company reported first-quarter EPS of $6.70 on net sales of $2.85 billion, surpassing estimates. CEO Kecia Steelman attributed the strong performance to increased fragrance sales and consumers seeking comfort through beauty products amidst economic uncertainty. Ulta also raised its full-year earnings and sales guidance.
Source: YAHOO