Ulta Beauty reported first-quarter revenue of $3.16 billion, an 11.1% increase from the same period last year, surpassing the Zacks Consensus Estimate of $3.11 billion. Earnings per share came in at $7.74, compared to $6.70 a year ago and well above the consensus estimate of $6.90. Comparable sales rose 5.3%, exceeding the 4.3% analyst forecast. The company ended the quarter with 1,521 total stores, slightly above the 1,517 estimate, and opened 18 new stores versus the 13 expected. Among primary sales categories, cosmetics accounted for 40% of net sales, haircare 18%, fragrance 12%, services 4%, and other 2%, each roughly in line with analyst projections.
Ulta Beauty IncRevenue, EPS, and comparable sales all beat estimates, and store openings exceeded forecasts.