Ulta Beauty posted its fiscal fourth-quarter 2021 results, with earnings and revenue both exceeding the Zacks Consensus Estimate.
The beauty and cosmetics company’s earnings came in at $5.41 a share, well above the Zacks Consensus Estimate of $4.61. The figure is also substantially higher than the year-ago quarter’s $3.41.
Net sales climbed +24.1% from the year-ago quarter to $2,729.4 million, beating the Zacks Consensus Estimate of $2,703.4 million. Revenue got a significant boost from tailwinds related to solid consumer confidence and looser pandemic-induced restrictions.
Comps climbed +21.4% vs. a decrease of -4.8% in the prior-year quarter. There was a 10.4% increase in transactions on the back of on double-digit growth in-store traffic . The 9.9% increase in average tickets gained from increased higher average selling price and units per transaction.