Florida, Port St Lucie, The Touchdown at Custom, out of doors mall, Ulta, magnificence cosmetics retailer.Jeff Greenberg | Common Pictures Group |
Florida, Port St Lucie, The Touchdown at Custom, out of doors mall, Ulta, magnificence cosmetics retailer.
Jeff Greenberg | Common Pictures Group | Getty Pictures
Ulta Magnificence shares rose almost 5% in prolonged buying and selling on Wednesday after the corporate reported fiscal second-quarter gross sales jumped greater than 60% as buyers rushed in to restock their make-up baggage.
Ulta raised its full-year outlook after seeing the return of buyer demand for magnificence merchandise.
“This efficiency displays the restoration of the sweetness class, investments and selections we have made during the last 12 months to adapt to the market disruption and strengthen our management place, and the continuing efforts of our associates to ship nice experiences for our friends,” stated CEO Dave Kimbell.
In buying and selling earlier Wednesday, its inventory hit a 52-week excessive of $390.68.
This is how the corporate did for its second quarter ended July 31 in contrast with what analysts surveyed by Refinitiv have been anticipating:
- Earnings per share: $4.56 vs. $2.59 anticipated
- Income: $1.97 billion vs. $1.76 billion anticipated
Internet revenue rose to $250.9 billion, or $4.56 per share, from $8.1 billion, or 14 cents per share, a 12 months earlier.
Income jumped to $1.97 billion from $1.2 billion a 12 months in the past.
Analysts surveyed by Refinitiv had anticipated the corporate to earn $2.59 per share on income of $1.76 billion.
The corporate’s same-store gross sales grew 56.3% within the quarter. Final 12 months, same-store gross sales fell 26.7% because the pandemic weighed on make-up gross sales. Identical-store gross sales within the quarter have been 13.1% greater than 2019 ranges.
The income beat was pushed by a 52.5% improve in transactions and a 26.7% improve in how a lot clients spent on common.
Learn the total launch from Ulta Magnificence right here.
That is breaking information. Please examine again for updates.
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