Ulta Beauty’s third-quarter earnings surpassed expectations, on the back of sales of celebrity-led product lines.
The beauty/skincare retail company reported earnings of $2.25 a share for the latest quarter, compared to $2.13 expected by analysts polled by Refinitiv.
Revenue increased to $1.68 billion from $1.56 billion a year ago, but was slightly below analyst estimate of $1.69 billion.
Same-store sales growth came in line with analysts’ expected +3.2%.
The company has cited celebrity cosmetics-brands like those from Kylie Jenner and YouTuber James Charles for boosting demand at its stores.
For the full-year, Ulta narrowed its earnings guidance to a range of $11.93 to $12.03 per share- from its prior forecast of $11.86 to $12.06 per share.