Ulta Beauty posted its adjusted earnings of $5.70 per share for the quarter ended July, which exceeded the Zacks Consensus Estimate of $4.96 per share. Earnings were $4.56 per share a year ago.
The beauty/cosmetics company’s revenues grew +16.8% from the year-ago quarter to $2.3 billion, and also topped the Zacks Consensus Estimate by 3.86%.
Same-store sales rose +14.4%, well above the 10.5% consensus estimate (as reported in Barron’s).
For the full year, Ulta now projects earnings in the range of $20.70 to $21.20 a share, up from a prior range of $19.20 to $20.10, and also above analysts’ expectations of $20.23 a share. It expects revenue of $9.65 billion to $9.75 billion, vs. its prior forecast of $9.35 billion to $9.55 billion, and exceeding analysts’ estimate of $9.53 billion.
Ulta expects comparable sales growth of 9.5% to 10.5% for the year, up from prior expectation of 6% to 8%.